Iran is continuously looking for new oil agreements and investments as it strives to bring its production back to 5 million bpd China is continuing to buy Iranian oil despite U.S. sanctions, and other markets such as Venezuela are also heavily reliant on Iran’s crude Talks resumed in Vienna this week about the nuclear agreement, although analysts are uncertain if an agreement will be met Iran’s recent hydrocarbon agreement with Azerbaijan is the latest in a string of developments that demonstrate the country’s determination to overcome U.S. sanctions. Its plans to boost oil production to 5 million bpd and its improving trade relations with China suggest that Iran will not be back by Biden for much longer. Iran and Azerbaijan are expected to finalize a number of energy deals that would see joint development of a new oil field off the coast of Iran, adding to the energy cooperation […]