Oman has secured 4.190 billion cubic meters (bcm) of total domestic production and import of natural gas in January 2024, a 7.7% decline to the same period in 2023, where the total was 4.538 bcm.
The National Iranian Oil Company (NIOC) has signed contracts worth $13 billion with domestic companies, to develop upstream projects at six oil fields including Azadegan, Azar 2, Soumar, Saman, Delavaran and Masjed-Soleiman.
Iran's oil production has reached above 3.2 million barrels per day (mmbbl/d) in February 2024, according to the latest report from the US Energy Information Administration (EIA).
Iran has announced that it has awarded contract to local companies to increase the pressure in the South Pars/North Dome Gas-Condensate field with costs of $20 billion, according to IRNA agency.
Iran has increased its oil production to 50,000 barrels per day (bbl/d) driven by the exploitation of two new oil fields, Sepher and Jofeir.
Iran's largest oil refinery, the Abadan oil refinery, has increased its processing capacity as part of the government's efforts to reduce the export of crude oil.
Minister of Petroleum and Mineral Resources Tarek El Molla has represented Egypt at the ministerial meeting of the Gas Exporting Countries Forum (GECF) in Algeria.
As part of the 7th Gas Exporting Countries Forum (GECF), Minister of Petroleum and Mineral Resources Tarek El Molla has participated in the GECF awards ceremony in its second edition to honor those who contributed to supporting and managing natural gas projects regionally and globally.
As Israel’s war on Gaza pushes on, fears of regional escalation are growing, with multiple nations and armed groups targeting each other’s territories and common waters, and the United States boosting its military assets in the region.
Iran's gas exports have increased in both revenue and volume during the first seven months of the current Iranian calendar year (March 21–October 22), according to the latest figures released on Tuesday by the Iran Trade Promotion Organization (TPO).
