Tag Archives: Iranian Ministry of Petroleum

There were plans to develop LNG production projects in place in the early 2000s.

With an extraction rate of 16%. Azar is one of the joint fields with Iraq. along with Dehloran. West Paydar. Naft-Shahr. Azadegan and Yadavaran.

Iran'.s oil exports. including gas condensates even sometimes exceeded 2.9 million bpd which indicates Iran'.s oil exports have doubled after Iran nuclear deal.

Iran and the Group 5+1 reached the 159-page nuclear agreement in July 2015 and implemented it in January 2016.

The field'.s current output. which stands at 80.000 bpd. will increase by 20.000 bpd as soon as the 13 newly-drilled wells go on stream.

Iran is willing to accelerate the development process of its petrochemical industries.

Iraq and Turkey remain to be main importers of Iranian natural gas and Tehran is eying to increase its gas exports to its western neighbors.

The first 44.000 mt evenly split propane butane parcel was delivered in October 2016.

Dubai and Oman crude oil prices are respectively $58.77 and $58.70 per barrel. indicating an upswing of $2.51 and $2.56.

The Persian Gulf nation aims to raise output to over 1 billion cubic meters by March from around 880 million cubic meters daily.