Tag Archives: Iran

Essar Oil'.s new owners will settle over 2 billion euros ($2.4 billion) owed to Iran for past oil purchases.

A large number of Iranian traders started to ship food to Qatar following the political crisis.

In the meantime. other foreign companies are welcome to discuss their interest in the gas field.

Some 54 power units have gone on stream in the last four years.

Officials place condensate exports between 600.000 and 700.000 barrels a day.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

A recent report shows that the volume of foreign investment in Iran has increased by over 64 percent.

Around 1.2 billion people. or almost one-fifth of the world'.s population. live in areas of physical scarcity. and 500 million people are approaching this situation. it said.

Iran'.s petrochemical plants produced 18 million tons of products in the first 4 months of the current Iranian calendar year.

Iraq is the closest market to Khuzestan and the Iranian province has so far played a major role in exporting of gas to Iraq.