Tag Archives: Iranian Ministry of Petroleum

Iraq is Iran'.s southwestern neighbor. and its port city of Basra is located in southeast of the country at northern edge of the Persian Gulf.

Total would be the first major Western enterprise to invest in Iran’s energy sector after the removal of sanctions against the country in 2016.

Gazprom is already a major player in the global natural gas liquefaction market.

Iran'.s oil production is about 3.9 million barrels a day. including the 2.2 million barrels exported.

According to Oil Minister Bijan Namdar Zanganeh. negotiations are underway with Iraq to develop three joint oilfields.

Iran'.s petrochemical production plans and the idea of creating a fleet of tankers specifically for petrochemical products make more sense.

Iran was Japan'.s fifth oil supplier after Saudi Arabia. the UAE. Kuwait and Qatar. with a share of 6.8 percent in September 2017.

Iran'.s gas production capacity has reached 885 million cubic meters per day.

Upon signing the agreement. JPC will be provided with the much-needed technical know-how to raise ethylene output.

Iran has modified its petroleum contract model. ending a decades old buy-back system that barred foreign firms from booking reserves or taking equity stakes.