Iran | Egypt Oil & Gas - Part 39
Iran to Increase Output to 4mb/d
Iran will increase output to 4mb/d by March despite agreeing with OPEC that Tehran would not exceed the level of 3.79mb/d.
US Firms Out of Iran’s Oil Tenders
US companies stand no chance in participating in bidding for Iran’s oil fields, which the country plans to develop with international help, as American sanctions make such activities impossible.
Iran Extends Deadline for Oil, Gas Bids
National Iranian Oil Company (NIOC) has extended its deadline for bids on oil and gas projects to February 15th.
Iran to Build 12 New Oil Refineries
Iran started the construction process for 12 new oil and gas condensate refinery complexes, according to an official of the National Iranian Oil Refining and Distribution Company (NIORDC).
OPEC Meets 82% Compliance with Freeze Deal
The Organization of the Petroleum Exporting Countries' (OPEC) oil output was set to fall by more than 1mb/d in January to prop up oil prices and reduce a supply glut. Supply from 11 OPEC members with production targe ...
Iran’s Crude Output Reaches 3.9mb/d
Iranian Oil Minister, Bijan Zanganeh, indicated that Iran was closing in on its target of restoring output to the level of 4mb/d.
Japan Buys Gas Condesates from Iran
The National Iranian Oil Company sold its first cargo with 160,000 barrels of gas condensates from South Pars Phases 20 and 21 to Japan.
Iran to Pay Turkey $1.9b in Gas Supply Compensation
Iran will offer discount on future gas supplies to Turkey to clear a $1.9b compensation for overpricing its gas exports to the Eurasian country between 2011 and 2015.
