Iran to Increase Natural Gas Production
Iran plans to increase its natural gas production capacity to 1 billion cubic meters per day (bcm/d) by the next Iranian calendar year.
Iran plans to increase its natural gas production capacity to 1 billion cubic meters per day (bcm/d) by the next Iranian calendar year.
Iran is expected to be a leading country in the Middle East's oil and gas sector when it comes to new-build trunk/transmission pipeline length additions.
Hassan Torbati, Head of the National Iranian Gas Company (NIGC) remarked that linking more homes and industries to the natural gas network has led to increasing liquified petroleum gas (LPG) exports.
Bijan Zangeneh, Iran’s Oil Ministry, is investing $1.5 billion on the completion of the national gas grid in remote regions bordering Pakistan.
The National Iranian Oil Company (NIOC) plans to offer crude oil and condensates for a considerable discount.
Iran targets to produce 680 million cubic meters per day (mcm/d) from its supergiant South Pars gas field.
Iran introduced gasoline rationing and price hikes of at least 50%, which led to the country’s unrest.
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 has discovered a new natural gas field in the southern province of Fars.
The Organization of the Petroleum Exporting Countries (OPEC) has recorded its first monthly increase in oil output this year.