Oil

Iran used to sell 800.000 bpd to European refiners in Italy. Spain. Greece. Romania. France. the Netherlands and Poland in the pre-sanctions period

Given the growing demand for Iranian heavy crude. its price per barrel increased by 77 cents to be traded at 52.70 cents.

The $300-million FPSO unit was built in Singapore and will be deployed above the South Pars'. oil layer in the near future.

Iran’s crude oil and condensate exports rose three percent month-on-month in January.

Petroleum minister said that the ministry plans to build ten major oil equipment inside the country.

Iran currently exports 600.000 to 700.000 barrels per day of crude oil to Europe.

Iran'.s crude oil and condensate exports rose 3% month on month in January.

Pertamina signed a nondisclosure agreement last August with NIOC to conduct studies on the oilfields.

There are two executive orders that are supposed to be renewed before summer.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.