Iran Sells First Cargo of West Karoun Crude to Repsol
Iran has sold its first cargo of West Karoun crude oil to Repsol.
Iran has sold its first cargo of West Karoun crude oil to Repsol.
The Director for Project Planning and Control at Pars Oil and Gas Company (POGC) said on May 31 that sox new oil platforms will be built at Iran’s South Pars Gas Field in the Persian Gulf.
Exports of gas condensate from Iran’s South Pars gas field rose by 149% in May 2018.
Total is at risk of losing its stake in the Iranian South Pars gas field if it exits the country due to US sanctions.
The daily output from South Pars gas field will rise by 84 million cubic meters (mcm) to 654 million cubic meters per day (mcm/d) by late September 2018.
National Iran Oil Company (NIOC) has cut South Pars condensate production in Q2 2018 by 25%.
Russia’s Gazprom is considering the development of four Iranian gas fields and is planning to present relevant offers by late March, said Bijan Zangened, Iranian Minister of Petroleum.
Iranian oil output from its West Karoun oilfields reached 305,000 b/d in the Iranian month of Dey, compared to 161,000 b/d during the same period this year.
Iran warned Total that it would forfeit its investments in Iran if it exits a development contract for the South Pars natural gas field.
Iran might reduce its condensate shipments to Asian markets in October, the National Iranian Oil Company (NIOC) told its customers.