Tag Archives: Iran

Iraq says it plans to start oil exports to Iran from the northern Kirkuk fields next week under a swap deal announced last month.

The amount of non-oil exports from Shahid Bahonar Port. south of Iran increased 14% in 7 months of the current Iranian calendar year compared with the same period last year.

Light and heavy crudes have averaged $68.62 and $65.48 per barrel so far in 2018.

Gazprom is expected to submit results of its studies by late March.

Iran. which disputes the claim. has imported Turkmen gas since 1997 to supply its northern region.

Iran'.s gas production output from the joint field with Qatar will increase by 100 million cubic meters in the near future.

South Pars is being developed in 24 phases.

Reacting to the Total’s statement. Iranian Oil Minister Bijan Namdar Zanganeh said Total will lose all of its investment if it pulls out of the deal.

The Tatneft Company. with headquarters in the Republic of Tatarstan. is the fifth largest oil producer in Russia and participates in more than 77 oil fields as an operator.

Total was the first Western oil major to sign a $4.8 billion deal with Iran in July 2017 to develop and operate phase 11 of Iran’s South Pars.