Iran | Egypt Oil & Gas - Part 31

Iran Projects Crude Production of 4.5M b/d

The Managing Director of the National Iranian Oil Company (NIOC), Ali Kardor, projects that Iran will be producing 4.5 million barrels per day (b/d) of crude oil by the end of 2022.

Iranian Crude Exports to China, Europe Rise

Iranian exports of crude and condensates rose in August to 2.42 million barrels per day (b/d) from 2.37 million b/d in July, a 2.1% increase

Iran’s Exports from South Pars Rise

Iran’s exports of gas condensates from the South Pars field rose to $6.9 billion, a 12% year-on-year increase in value.

Russia, Iran to Begin Oil-for-Goods Swaps

Russia and Iran are on track to implement an oil-for-goods trade agreement.

Iran Boosts Crude Exports to S Korea

Iran's oil exports to South Korea rose to 1.4 million tons for the month of July, a 26.5% year-on-year increase.

Russian, Turkish, Iranian Firms Sign MoU

Russia’s Zarubezhneft, Turkey’s Unit International, and Iran’s Ghadir Investment Company signed a memorandum of understanding (MoU) on oil and gas development.

Zanganeh to Continue as Iranian Oil Minister

Bigan Zanganeh was re-appointed as oil minister by Iranian President Hassan Rouhani.

South Korean Firm to Modernize the Iranian Tabriz Oil Refinery

South Korea’s SK Engineering & Construction Company will partner with Iran’s Tabriz Oil Refining Company to conduct $1.6 billion worth of renovations at the Tabriz facility.

Kirkuk Government Opposes Iran-Iraq Pipeline

The Provincial Government of Kirkuk will not cooperate with the central government’s plans to export oil from the Kirkuk oil fields to Iran.

Iran Crude Exports Reach 2.2 M b/d

Iran exported over 2.2 million b/d of crude oil to Asian and European markets in July.

Page 31 of 99

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