Gas

The tender is expected to raise at least $100 million.

South Zagros Oil and Gas Company has launched the well with the capacity to produce 600.000 cubic meter of natural gas per day.

Iran will soon take legal action against Türkmengaz company for bringing gas exports to a halt.

The two countries also agreed on a 13.3 percent discount on the prices of gas delivered from the Islamic Republic to Turkey.

The two neighboring countries also have agreed on a deal for exporting 25 mcm of gas to Iraq’s Basra.

Russian companies have indicated interest in Iran’s gas development projects.

Gas condensate exports are set to rise to 400.000 cubic metres this year. from 200.000 cubic metres in 2016.

The NIDC owns 75 light. heavy and ultra-heavy onshore and offshore drilling rigs.

The output of the new plant will be produced from associated gas.

Iran is ready to inject gas into the export pipeline.