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Iran’s total export of crude oil and gas condensate is now more than 2.5 million barrels a day.
Read More »Iran Says Oil Exports to India Are Not Dropping
Iran not to Give Development of South Pars Oil Layer to Total
After ownership of Danish company Maersk Oil was taken by the French Total. Iran decided not to give the development of the South Pars field to Total.
Read More »Iran Says no Need to Extend OPEC. Non-OPEC Pact If Crude Oil Prices Rise
The pact runs until the end of 2018.
Read More »Oil Min: Iran Accelerates Gas Export to Pakistan
The minister placed special emphasis on accelerating the development of Mokran Costal Area.
Read More »Oil Minister Regards $60 Oil Price Acceptable
India and Iran have settled the main issue on the development of Farzad B Gas Field.
Read More »Oil Minister Discusses Issues of Mutual Interest with Indian Counterpart
Indian companies expressed interest in investing in Farzad B oilfield which was approved by the Iranian president.
Read More »Zangeneh in India for IEF16 Ministerial Meeting
IEF is the biggest energy gathering being held biennially. and Iran is its active member.
Read More »Iran. Russia Sign Deal to Develop Two Oil Fields
The cost of developing the fields is estimated at $674 million. with an additional $68 million in indirect costs.
Read More »OPEC Unlikely to Change Output Deal This Year
Russians can pull out of the deal as they have made no commitment to OPEC to remain in the agreement until the end of 2018.
Read More »OPEC Divided on the Right Price for Oil
Iran wants to see $60 a barrel to rein in shale producers. while Saudi Arabia’s budget needs $70.
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