Oil

Iranian oil minister Bijan Zanganeh said on Monday that the government is focused on development of refineries and petrochemical companies in Makran region. in south eastern Sistan and Balouchestan province.

The CEO of the National Iranian Oil Company (NIOC) said the company is to sign nine contracts with domestic companies for oil production enhancement and maintenance projects and it will continue signing contracts with domestic firms for its projects.

Yamal has been producing and shipping LNG above its expected capacity of 16.5 million tonnes a year (mtpa).

Oil Minister Bijan Namdar Zanganeh highlighted the need for the oil industry to be prepared in the face of malicious physical and cyber threat on the key sector.

Aghajari Oil and Gas Production Company (AOGPC)’s crude oil production stood at 104.6% of its planned productivity in the first half of the current calendar year. which began on March 21.

World'.s top oil exporter Saudi Arabia has restored capacity to 11.3 million barrels per day.

Head of the National Iranian Oil Refining and Distribution Company (NIORDC) Alireza Sadeqabadi said that his country is planning to increase its gasoline exports to 3 million tons a month to generate around 1.5 billion in revenues.

The Sichuan shale gas blocks have a total proven reserve of 1.06 trillion cubic meters.

China’s economic growth slowed to 6.2 percent in the second quarter.