Iran announced plans last week to boost oil production from its supergiant South Azadegan oil field to at least 320,000 barrels per day The development of the West Karoun fields are instrumental to the 25-year deal between Iran and China The impact of additional Iran crude flows on global oil prices could be significant against a background of uncertain demand in the coming months Given ongoing high and steady sales of crude oil to China and other Asian countries and the likelihood of a new iteration of the Joint Comprehensive Plan of Action (JCPOA) being agreed with the U.S. at some point this year, Iran announced plans last week to boost oil production from its supergiant South Azadegan oil field to at least 320,000 barrels per day (bpd) by the middle of 2023, from the current 140,000 bpd. This output from South Azadegan, and corollary increases in North Azadegan […]