Iran | Egypt Oil & Gas - Part 35
Iran to Join Oil Production Cuts
Iran announced that it is ready to join the OPEC oil production cuts despite being exempted from the initial production cuts agreement, which allowed it to boost its crude output to about 4m barrels.
MENA Oil Exports to South Korea Increased
South Korea monthly imports reached 2.26m tons of crude oil from Iran and 3.52m tons oil from Saudi Arabia during March.
Iran Increases Oil Output at South Azadegan
Iran increased its oil production from South Azadegan by 30,000 b/d, reaching a production of 80,000b/d of oil at the field.
Iran Inaugurates Projects Worth $20b
Iran officially inaugurated 10 major oil, gas, and petrochemical projects, including five phases of the South Pars gas field.
Iran Delayed Contracting Chosen Bidders Until Reviewing IPC
The Iranian Petroleum Contract (IPC), has been delayed since Iran’s Security Council is still reviewing it , delaying the operation of the 29 foreign oil and gas companies, that were shortlisted by Iran as bidders f ...
US Greenlights BP in Iran
UK’s BP stated that the authorization to operate Iran’s Rhum gas field was obtained in September 2016.
Iran Sells All Floating Storage Barrels
According to tanker tracking and oil sources, Iran sold the last stocks from its floating storage in the past two weeks. Iran Exports 3.05mb/d of Oil and Condensates
Iran's crude oil and condensate exports reached 3.05mb/d in the last Persian month, from which 2.265mb/d consisted of crude oil alone.
