Iraq Invests in Associated Gas at Southern Fields
The Iraqi Ministry of Oil announced that it will invest in the associated gas, after signing a memorandum of understanding (MoU) with Honeywell for gas processing from the Artawi southern oilfield.
The Iraqi Ministry of Oil announced that it will invest in the associated gas, after signing a memorandum of understanding (MoU) with Honeywell for gas processing from the Artawi southern oilfield.
An Iraqi delegation has recently discussed cooperation with Iranian companies in oil and gas projects during a meeting with Iran’s Energy Industries Engineering and Design Company (EIED).
Iran wants to reach an agreement to provide more natural gas to Armenia in exchange for electricity.
Iran has denied a request by China National Petroleum Corporation (CNPC) to suspend work on Phase 11 of the South Pars gas project.
Iran is hoping for an improvement in crude oil exports despite further sanctions imposed by the US.
Production in the joint field has a massive role in ensuring natural gas supplies to Iran.
OPEC produced 29.6 million per day (b/d) in June, down by 170,000 b/d compared with May.
Iran’s exports of crude oil have further declined to 300,000 barrels per day (b/d) or even less in June, down from 400,000-500,000 b/d a month earlier.
Iranian Oil Minister, Bijan Zanganeh discussed with his Russian counterpart, Alexander Novak, the recent updates about the next OPEC summit.
Iran and Russia have signed a memorandum of understanding (MoU) to increase cooperation in the energy sector.