Iran to Invest $20B in Natural Gas Project
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 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.
The Deputy Chief for Development and Engineering Affairs at the National Iranian Oil Company (NIOC), Reza Dehqan said that the country is progressing oil and gas projects worth some $50 billion.
Iran announced that it has signed a memorandum of understanding (MoU) with China to provide technical know-how and implement a project of Fanavaran Petro Olefin Company.
Iran's Oil Minister Javad Owji has stated that the country's oil production has increased recording 3.3 million barrels per day (mmbbl/d), Shana reported.
The International Energy Agency (IEA) has announced that Iran has recorded oil production reached 2.87 million barrels per day (mmbl/d) in May 2023.
According to data released by the Energy Institute (EI), Iran's natural gas exports has reached 18.9 billion cubic meters (bcm) in 2022, increasing by 9% compared to 17.3 bcm in 2021, IRNA reported.
Iran’s South Pars Refinery should come online soon, said Mohsen Khojastehmehr in a televised interview, who added that the country's gas output capacity is anticipated to expand by 500 million cubic meters per day ...
Iran has the capacity to produce 7.4 million barrels of crude oil per day, according to the head of the office of the Supreme Leader's economic division.
The cost of light crude oil, heavy crude oil, and Forouzan crude for sale in September has been fixed by the NIOC's international affairs division at $9.50, $6.30, and $6.40, respectively, over the average oil pri ...
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 ...