Oman, Iran Agree to Finalize Undersea Gas Pipeline Deal
Oman and Iran have agreed to finalize a cooperation pact for an offshore pipeline project from the Islamic Republic to Sohar Port in northern Oman.
Oman and Iran have agreed to finalize a cooperation pact for an offshore pipeline project from the Islamic Republic to Sohar Port in northern Oman.
The daily output from South Pars gas field will rise by 84 million cubic meters (mcm) to 654 million cubic meters per day (mcm/d) by late September 2018.
Indian company Essar Oil has paid $2.5 billion in debt to Iran.
Iran plans to halve its gasoline imports during summer 2018.
Russian presidential aide Yuri Ushakov announced on April 2 that Russia could invest more than $50 billion in Iranian oil and gas fields.
China, India, Japan, and South Korea imported a total of 1.63 million barrels per day (mb/d) in February, the lowest levels since December and a 20% decline from February 2017.
Iraq exported 3.453 million barrels per day (mb/d) of crude oil from its southern ports in March, a slight increase from the numbers for February, which marked the third month in a downward trend.
A senior Iraqi energy official has said that oil could be sent from Kirkuk in the north of Iraq to Iran's Kermanshah refinery in the coming weeks.
National Iran Oil Company (NIOC) has cut South Pars condensate production in Q2 2018 by 25%.
Iranian imports of refined fuels have sharply reduced since a new refinery began its operations, trade sources have said.