Oil

Phases 12. 15. 16. 17. 18. 20. 21 and 19 of South Pars were among priorities of Petroleum Ministry.

Russia has promised to cut its daily oil output by up to 300.000 barrels in a gradual manner.

Iran'.s current oil production stands close to 3.8 million barrels per day.

Production from the layer will reach 35.000 barrels per day once its wells are fully operational.

Belarusian Company of Beloil Polska received a cargo of 600.000 barrels of Iranian crude oil.

Iran and Russia have the ability to export gas and carry out gas storage projects.

The tanker carried 80.000 tones of Iranian oil.

Analysts and experts are now mostly predicting that oil prices will remain below $60 this year.

South Pars is a very advanced project from a technical perspective.

In a message for Iranian New Year. President Rouhani called matchless the government`s achievements to control inflation. economic growth and job creating in the year 1395. compared to the past 25 years and said: we should be all together for our country`s honor. He stressed that the new year will …