Iran rejects again the call to freeze its oil output and emphasized that it will go ahead with its plans to increase its oil production to as high as 4m b/pd.
Export of gas to Iraq is Iran’s top priority, according to the Director of National Iranian Gas Company for Planning, Mohammad Reza Qodsizadeh, who added that completing the Iran-Iraq gas project by next Iranian cale ...
Due to flaring practices, Iran loses at least 28mcm of natural gas flowing alongside extracted crude in oilfields, according to the Under-Deputy Oil Minister, Mohsen Khojasteh Mehr.
Iran and Oman plan to establish a joint company to market liquefied natural gas (LNG). It is expected to be registered in Oman, and will have the sole responsibility of market natural gas to other parts of the world.
Iran's Minister of Petroleum Bijan Zangeneh says his country will support any initiative to stabilize the oil market after recent talks in Qatar failed to freeze production.
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on April 17th after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices.
Russian oil producer Rosneft is interested in oil and gas projects in Iran, according to the Energy Minister, Alexander Novak. However, the Minister added that "It is too early to talk about any concrete plans as Iran".