The National Iranian Oil Company (NIOC) CEO said the deal with Gazprom is one of the largest foreign direct investment memorandum of understanding (MOU) in the history of Iran's oil industry. In an online ceremony, NIOC CEO Mohsen Khojastehmehr and Gazprom Deputy Chairman Vitaly Markelov signed the MoU, which is worth approximately $40 billion.
According to the director of the South Pars Gas Complex's fifth refinery, the plant supplied 6 million barrels of gas condensate in the first three months (Q1) of the current calendar year.
Javad Owji, the Iranian Minister of Petroleum, said 7 billion dollars would be invested in the Azadegan Oilfield, the majority coming from Iranian banks, development companies, and the National Development Fund of Iran (NDFI).
Iran managed to make over $25 billion in revenues from its oil exports last year, a significant leap in comparison to the $7.9 billion worth of income in oil exports in 2020.
Following agreements with TotalEnergies, Eni, and ConocoPhillips, Qatar Energy announced on Tuesday that it had signed a contract with ExxonMobil for the Gulf state's North Field East expansion. North Field East is the world's largest liquefied natural gas project.
In the presence of the presidents of Iran and Venezuela, SADRA (Iran Marine Industrial Company) handed over the second Aframax tanker built by the company.
As part of the National Oil Company of Iran's project for Mansouri Fields, wells no. 123 and 124 have successfully been commissioned, which will increase the field's crude oil production.
During his visit to Oman, Iranian Petroleum Minister Javad Owji agreed to revive a pipeline project to pump gas from Iran to the country.
The CEO of the Central Iranian Oil Fields Company (CIOFC) Mehdi Heidari announced company's plan to intensify gas production by 100 million cubic meters (mmcm) by the end of the Iranian calendar year 1404 (ending March 20, 2026).
Mohsen Khojasteh-Mehr, Managing Director of the National Iranian Oil Company (NIOC), stressed a strong commitment to promoting energy cooperation between his country and Russia.
