Tag Archives: Financial Tribune

Iran Heavy. one of the country'.s main export grades. settled at $51.60 a barrel. up 91 cents from the previous week.

India. China. the Nakhchivan Autonomous Republic. Armenia. Pakistan. Afghanistan and Sri Lanka also buy Iranian petroleum derivatives.

Crude oil production from South Pars is in a trial stage. but output can be increased to as much as 150.000 barrels per day in future.

Tehran has envisioned $130 billion in investment to develop its oil and natural gas fields.

The annual US General Assembly opened on September 12 and lasts until December or January.

Total and Iran reached a preliminary agreement this year to build three petrochemical plants.

In fiscal 2016-17. gas production from South Pars increased to 520 mcm d. up more than 150 mcm d compared with the previous year.

Azar holds 2.5 billion barrels of crude oil and is one of the joint fields with Iraq.

The development of Phase 13 involves drilling 38 production wells.

Shell submitted a proposal for developing Azadegan and Yadavaran oilfields south of Iran last month.