Iran not to Increase Crude Output in Coming FY
Iran has no plans to increase its annual crude oil output in the next fiscal year (FY) starting March 21.
Iran has no plans to increase its annual crude oil output in the next fiscal year (FY) starting March 21.
There have been positive developments in ongoing oil talks between Iran and Azerbaijan and a deal may be signed in March 2018.
Russian oil firms may sign deals with Iran by March 21st which would enable them to work on Iranian oilfields.
Studies conducted by foreign and domestic firms on Iranian oilfields have revealed that Iran has the ability to increase its proven oil reserves by 10%.
ONGC Videsh Ltd has canceled plans to establish a liquefied natural gas export facility worth $5 billion in Iran.
Iran’s liquified petroleum gas (LPG) exports decreased to between 358,500 tons and 402,500 tons in February 2018, Iran Daily reported.
Russia's Zarubezhneft Oil Company signed a Memorandum of Understanding (MoU) with the Iranian Industrial Development and Renovation Organization (IDRO) for the development of the Susangerd Oil Field.
Iraq will start to export 60,000 barrel per day (b/d) of Kirkuk fields' oil, using tanker trucks that will cross the Iranian border to deliver this oil to an Iranian refinery.
Russia’s Gazprom is considering the development of four Iranian gas fields and is planning to present relevant offers by late March, said Bijan Zangened, Iranian Minister of Petroleum.
Iranian oil output from its West Karoun oilfields reached 305,000 b/d in the Iranian month of Dey, compared to 161,000 b/d during the same period this year.