Iran | Egypt Oil & Gas - Part 27
Iran Nearly Doubles Gas Production at South Pars: Rouhani
In the past year, Iran has nearly doubled gas output at the South Pars gas field, Iranian President Hassan Rouhani told state media on March 19, according to Reuters. Rouhani stated that gas production increased from ...
Iran not to Increase Crude Output in Coming FY
Iran does not plan to increase crude oil output in the next fiscal year (FY) starting from March 21, the managing director of the National Iranian Oil Company (NIOC), Ali Kardor, said on March 16th, according to the F...
Iran, Azerbaijan Edge Closer to Oil Agreement
There have been positive developments in ongoing oil talks between Iran and Azerbaijan and a deal may be signed in March 2018, Mehr News Agency has reported. It is hoped an agreement can be concluded when Iranian Pres... Russia to Work on Iranian Oil Fields
Russian oil firms may sign deals with Iran by March 21st which would enable them to work on Iranian oilfields, said Alexander Novak, Russia’s Energy Minister, according to Reuters. Iran is willing to sell crude oil to... Iran’s Oil Reserves Could Increase by 10%
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%, said Gholam-Reza Manouchehri, Deputy Chief Executive of the Nati...
OVL Cancels Iran LNG Export Facility
ONGC Videsh Ltd (OVL) has canceled its plans to establish a liquefied natural gas (LNG) export facility worth $5 billion in Iran, Times of India reported. The company decided to invest only in developing a huge gas fi...
Iran LPG Exports Drop in February
Iran’s liquefied petroleum gas (LPG) exports decreased to between 358,500 tons and 402,500 tons in February 2018, Iran Daily reported. This represents a substantial decline from the post-sanctions high of 520,000 reco...
Russia to Develop Oil Field in Iran
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, according t...
