Iran | Egypt Oil & Gas - Part 17

Iran, Iraq to Develop Two Oilfields

Iran and Iraq are working on developing two oilfields, Naft Shahr and Khorramshahr, on their mutual borders.

Exports Launched in Iran’s South Pars New Phase

Iran exported 300,000 barrels of gas condensate from a new phase of the South Pars field.

Iran Inaugurates South Pars New Phases

Iran has invested around $11 billion to complete the new phases.

Gas Pipeline Explodes in Iran

Iranian authorities have considered the poor safety measures and the aging infrastructure to be the main reasons behind the explosion.

Iran to Launch Pars Field Development Phases

South Pars has a production capacity of around 110 mcm/d.

Iran’s Karoun Oilfield Output Increases

The production from Iran’s West Karoun oilfields have increased, reaching 300,000 b/d.

Iran Achieves Gasoline Self-Sufficiency

Iran achieved its goal of self-sufficiency after inaugurating the third phase of the Persian Gulf Star refinery, with a production capacity of 45 million liters of petrol per day.

Iran to Stand Against US Sanctions: Oil Minister

Iran will stand against US sanctions considering them “fully illegal”, Bijan Zanganeh, Iranian Oil Minister, said on January 10, announcing that Tehran would not comply with the sanctions

US Extends Iraq’s Waivers to Continue Importing from Iran

The waiver will allow Iraq to continue importing electricity from Iran as the main Iraqi power plants depend on Iranian natural gas. Besides, Baghdad’s power generation is not enough to ensure domestic supply.

Iran to Increase South Pars Gas Production to 630 mcm/d

Iran plans to boost gas production from the South Pars field, the world’s largest gas field, to 630 million cubic meters per day (mcm/d) up from 580 mcm/d by mid-March.

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