Tag Archives: Iran

The project for development of phases 22. 23 and 24 aims daily extraction of 56 million cubic meters of gas from South Pars and once it is complete.

Drilling and development of joint oil and gas fields is among priorities of Iranian oil industry.

The amount of gas condensate and non-oil exports from the zone in the mentioned timespan grew by 43 and 23 per cent as regards weight and worth.

There is no conflict between Iran and Japan over Azadegan.

The South Pars field contains 14.000 billion cubic meters of gas. 8% of the world'.s known reserves.

39 for 42 percent of domestic gas consumption in Iran goes to the households.

Ministry of Petroleum has requested qualified foreign E&.P companies to take part in the process of qualification assessment.

Although Iran possesses age-old and precious experience in trades. steps need to be taken in vies of formation of new markets.

The new IPC has more flexible terms that take into account oil price fluctuations and investment risks.

The Vitol Iranian deal was signed in October and will come into effect this month. one of the sources who is based in Tehran said.