Tag Archives: Bijan Namdar Zangeneh

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

Iran is firm in its self-proclaimed mission to reach pre-sanction levels of oil output and exports.

Production of natural gas in South Pars in a shared field with Qatar will amount to 600 million cubic meters per day.

An MoU had been inked with Pertamina over boosting recovery factor in two oilfields.

OPEC is determined to reduce its production to help manage the market.

An increase in oil prices to more than $55 (£44) per barrel was not in the interest of OPEC.

Russia will be cooperating with an OPEC decision last November to cut production levels and will be reducing its oil output by 300.000 bpd.

The potential of agreements in this sphere could be valued at $20 billion

Total will raise gas production from Phase 11 to around 51 million cubic meters per day in 20 years.

Parts of the exported gas are due to be transferred to the target markets after being turned into the liquefied natural gas (LNG).