Oil production will be restored in stages after the Gulf War
Modern.az reports with reference to "Bloomberg" that partial restoration of oil production will be possible approximately two weeks after the end of the war in the Gulf region.
According to the information, the International Energy Agency believes that after the transit through the Strait of Hormuz is restored, large Arab oil producers will be able to return to pre-war production levels in half of the closed fields.
It was stated that total production is expected to reach approximately 80 percent within the next month. However, this process will depend on the mobilization of the workforce and the normalization of supply chains.
It is reported that the restoration of the remaining 20 percent will be more complex and may take longer.
