Tag Archives: Development

Drilling and development of joint oil and gas fields is among priorities of Iranian oil industry.

There is no conflict between Iran and Japan over Azadegan.

The value of non-oil goods exports from PSEEZ customs showed an increase of 23 percent.

The South Pars field contains 14.000 billion cubic meters of gas. 8% of the world'.s known reserves.

Although Iran possesses age-old and precious experience in trades. steps need to be taken in vies of formation of new markets.

The new IPC has more flexible terms that take into account oil price fluctuations and investment risks.

The aim of development South Yaran field is production of 50.000 to 60.000 barrels of oil and 60 million cubic feet of gas a day.

In recent years. private companies in Iran have worked on desalination projects. many of which have become operational.

A 10-percent share of the country’s diesel sales income. around $7.5 billion. will be earmarked for the railways sector

Around 17 billion cubic meters of gas is burned off in Iran annually which translates into a $4-6 billion loss for the treasury.