Iran | Egypt Oil & Gas - Part 31
Iranian Official: South Azadegan to Produce 140,000 b/d
Crude production from Iran’s South Azadegan oilfield will rise to over 140,000 barrels per day (b/d) by the end of March 2018, an Iranian official told Shana. The field currently produces 80,000 b/d. The increase will...
Iran Halts Oil Trade with KRG
Following the independence referendum held by the Kurdish Regional Government (KRG) earlier this week, Iran has halted the trade of petroleum products, Zawya reports based on Iranian media. Turkey has also threatened ...
Iranian Exports to Asia Rise but Remain Below 2016 Levels
Iranian crude exports to Asia rose in August for the second month in a row but remained well below export levels for August 2016, Reuters reports. Greater demand from China and South Korea drove the uptick in August, ...
Iran to Build Refinery in Homs
Iran has agreed to build an oil refinery in the Syrian city of Homs, Reuters reports. The refinery will initially have the capacity to refine 70,000 barrels a day (b/d) of crude oil, but its capacity will rise to 140,...
Iran Calls for OPEC to Address Libyan, Nigerian Production
The Iranian Minister of Petroleum, Bigan Zangeneh, singled out Libya and Nigeria in comments to the press yesterday, calling for changes in OPEC policy towards the two countries, Bloomberg reports. While noting that O...
Iran Might Reduce Condensate Exports to Asia in October
Iran might reduce its condensate shipments to Asian markets in October, the National Iranian Oil Company (NIOC) told its Asian customers, according to industry sources interviewed by Reuters. The cuts, if they occur, ...
Iranian Crude Exports to S Korea Rise 40.2%
South Korea’s crude imports from Iran and Saudi Arabia rose in August, Reuters reports. The country imported 1.55 million tons of crude from Iran in August 2017, a 40.2% year-on-year (y-o-y) increase from the 1.1 mill...
Iranian Company to Export Five Gas-Fired Power Plants to Syria
The Iranian company, Mabna, accepted a contract from the Syrian government to import five gas-powered units for use in Aleppo, according to the Syrian state-owned news agency, SANA. The contract for the power plants i...
