Tag Archives: Iran

Iran hopes to increase output to 55.000-60.000 barrels per day in the second phase of production from the South Pars crude oil layer.

Tehran'.s exceedingly tight budget does not measure up to its energy aspirations.

Condensate output is slated to reach 1 million barrels a day upon the launch of all phases of South Pars.

Azerbaijan and Iran are to increase air service between the two countries.

Iranian heavy crude also increased by 29 cents in price to be traded at 53.05 cents.

Iran exported 24 million barrels of gas condensates to the European and Asian countries in January.

There is potential to boost electricity output by 3.500 MW without constructing new power plants.

Iran shares a number of oil and gas fields with its Arab neighbors in west and southwest.

The recent report is the same as the previous edition and some parts regarding technical developments have been added.

BASF said it was in talks with Iran over a possible investment of its oil and gas division in the country.