Tag Archives: Iran

Iran’s daily production of crude oil surpassed 3.9 million barrels last month.

ONGC Videsh and Indian Oil each own 40 percent interest in the Farsi block that holds Farzad-B field. while Oil India has 20 percent.

An estimated $2 billion in projects are underway to expand the natural gas network to 46 small towns and 5.000 villages by the end of the current fiscal year.

This contract will send a strong political message to the world especially at the time that the Americans have adopted a confrontational course (against Iran).

The offshore South Pars gas field is Iran’s section of the world’s largest gas deposit. which it shares with Qatar.

The deal includes 30 wells and two production units.

Total and the National Iranian Oil Company (NIOC) signed a deal to develop phase of 11 of South Pars. which is the world'.s largest gas field.

The International Conference on Combating Sand and Dust Storms (SDS): Challenges and Practical Solutions opened in Teheran on Monday and it is expected to last for three days.

Iraq. which overtook Iran as the second OPEC producer when Tehran was slapped with intensified sanctions. exported 3.93 million barrels a day in May.

The South Pars 11 project will have a production capacity of 1.8 billion cubic feet per day. or 370.000 barrels of oil equivalent per day.