Iran Invests $1.5 B in the National Gas Grid.
Bijan Zangeneh, Iran’s Oil Ministry, is investing $1.5 billion on the completion of the national gas grid in remote regions bordering Pakistan.
Iran | Egypt Oil & Gas - Part 14
NIOC to Sell Condensates for $6/Barrel
The National Iranian Oil Company (NIOC) plans to offer crude oil and condensates for a considerable discount.
Iran to Boost Production to 680 mcm/d from South Pars
Iran targets to produce 680 million cubic meters per day (mcm/d) from its supergiant South Pars gas field.
Iran Restores Stability Amid Fuel Prices Hike
Iran introduced gasoline rationing and price hikes of at least 50%, which led to the country’s unrest.
Iran Discovers Field with 53 B Barrels of Crude Oil
Iran has discovered a new oil field with proven reserves of around 53 billion barrels of crude oil, Iranian President Hassan Rouhani announced on November 10.
Iran Discovers New Gas Field with 19 tcf Reserves
Iran has discovered a new natural gas field in the southern province of Fars.
OPEC Monthly Output Rises for First Time in 2019
The Organization of the Petroleum Exporting Countries (OPEC) has recorded its first monthly increase in oil output this year.
Saudi Oil Exports to China Hit Record Level
Saudi Arabia’s crude oil exports to China soared to 1.74 million barrels per day (b/d) in July, while shipments to the US tumbled to 161,000 b/d compared with 1.03 million b/d a year earlier.
Saudi Oil Exports to China Hit Highest Level Since 2013
Saudi Arabia has compensated China for the shortage of crude oil supplies due to the US-imposed sanctions on Iran. After Chinese oil importer crude Iranian imports decreased to their lowest level since 2010.
Saudi Arabia to Expand Pipeline as Alternate Export Route
Saudi Arabia plans to increase the capacity of the East-West Pipeline by 40% within two years in order to avoid exporting oil through the Strait of Hormuz.
