(MENAFN) AS the suffocating western sanctions have been terminated, Iran has been planning to fully distribute the natural gas condensates stored in floating storage tankers to many anxious buyers, according to the latest reports.
At present, domestic insurance companies support Iranian tankers, and after the Swiss accord between Iran and the P5+1 in 2013, no foreign insurance firm stepped forward to insure our vessels.
Iran has put up with sanctions for a long time, but has been able to maintain its gas/oil production to a sufficient level, and with its solid oil-industry infrastructure, it's more than ready to unleash its power.
Furthermore, the Islamic Republic has the 2nd largest proved gas reserves in the world after Russia, with 33.6 trillion cubic metres, and third biggest natural gas production in the world after Indonesia, and Russia.
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