Iran | Egypt Oil & Gas - Part 14

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 to Lead the Middle East in Pipeline Additions

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.

Iran Increases LPG Exports

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.

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.

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.

Page 14 of 99

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