Wataniya Group
Wataniya Group
Wataniya bitumen drum
As the title show, the Wataniya bitumen drum is the topic of the following article. Generally speaking, the US withdrawal from the nuclear deal and the
Presidential order to significantly reduce the supply of oil and oil products purchased from Iran or through related financial institutions,
the price of Brent oil also reached its highest level in the last four years, i.e.
In other words, it has reached $80 a barrel. Since Trump took office as
President of the United States, he has never adhered to JCPOA,
and once every three months, he has threatened it by commenting on
JCPOA’s ill-treatment. By doing so, Trump changed the minds of
Western and European companies and hesitating to do business
with Iran and invest in it.
Wataniya bitumen drum and the JCPOA
In general, after implementing JCPOA, they signed 35 memorandums
of understanding between Iran and foreign companies, most of which
have not yet become contracts. However, currently, three oil contracts have
been signed and completed as IPC and Memorandum of Understanding
(HOA) in the form of the Southern Oilfields Model. It’s also good to know that
the first contract related to phase 11 of South Pars was with the French
company Total, which had a lot of margins until the signing of the contract
and even after that, and finally, after the withdrawal of the
United States from JCPOA, it left phase 11 and replaced Cyprus with Iran.
Wataniya bitumen drum and the prominent oil companies
Moreover, the second contract for the Aban and Paydar Gharb fields was with
the Russian company Zarobjenft, the third contract for the Sepehr and
Jafir oil fields was signed with the Iranian energy company Gostar Pasargad,
and finally, the fourth contract, which came to fruition after the US
withdrawal from JCPOA, was a development contract. It’s also needless
to mention that the Karanj oil field was with the British company Pergs. Unfortunately, the country, especially in the oil industry, could not use
the potential of JCPOA to implement oil contracts. Additionally, most
Western and European companies somehow depend on the
United States for their managers, shareholders, or sources of revenue.
It’s also worth noting that this not only created barriers to attracting
investment in Iran’s oil industry but could also overshadow Iran’s oil sales in the future. To be more specific, the point about sanctions is that Iran enjoys
the efforts and support of European and Asian countries as buyers of
Iranian oil during this period, and they avoid joining Washington to
put pressure on Tehran because they continue to urge Iran to do so.
