Tag Archives: Iran

The event aims at macroeconomic cooperation as well as multilateral and regional partnership among the countries.

The two sides are likely to finalize a contract at St. Petersburg International Economic Forum which will kick off later this week.

Iran-Pakistan gas pipeline project (also called Peace pipeline) worth $7.5 billion has been discussed for years.

Emirates National Oil Company has paid dues as part of its debts owed to Iran for pre-sanction oil and gas purchases.

The Caspian region is one of the oldest oil-producing areas in the world and is an increasingly important source of global energy production.

Iran has so far signed memoranda of understanding (MoUs) with four Russian companies for developing its oil and gas fields.

Iran boosted its crude exports to South Korea by 104.5 percent in January. February and March.

Iran holds the world'.s second largest gas reserves after Russia. but currently consumes almost all the gas it produces.

The Azadegan field has oil-in-situ reserves of about 33.2 billion barrels and recoverable resources are estimated at about 5.2 billion barrels.

More than 140 members of IGU are associations and corporations representing over 95% of the global gas market.