Iran | Egypt Oil & Gas - Part 15
Iran Increases LPG Exports
Hassan Torbati, the Head of the National Iranian Gas Company (NIGC) remarked that linking more homes and industries to the natural gas network has led to increasing the country’s liquefied petroleum gas (LPG) ex...
Iran Invests $1.5 B in the National Gas Grid.
Bijan Zangeneh, Iran’s Oil Ministry, is investing around $1.5 billion on the completion of the national gas grid in remote regions bordering Pakistan, according to Press Tv. The government has expressed its in...
NIOC to Sell Condensates for $6/Barrel
The National Iranian Oil Company (NIOC) plans to offer its crude oil and condensates for a considerable discount, according Press TV. NIOC is expected to sell condensates at $6 per barrel, and light crude oil for $7 l...
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, according to Tehran Times. According to the Managing Director of Pars Oil and Gas Company (POGC), Mohammad Mes...
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, according to Reuters. The price of a liter of gasoline was increased by 5,000 rials, reaching 15,000 rials and the... 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, Reuters reported. Iran began the field’s discovery i... Iran Discovers New Gas Field with 19 tcf Reserves
Iran has discovered a new natural gas field in the southern province of Fars, according to the Oil Ministry’s website SHANA, Reuters reported. “The new natural gas field is in the southern part of Fars pro...
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, according to a Reuters survey. OPEC produced 29.61 million barrels per day (b/d) in August,...
