Tag Archives: Iranian Ministry of Petroleum

Iran has so far signed MoUs with 4 Russian companies for developing its oil and gas fields.

In order to feed the terminal. Iran will need to construct a pipeline stretching more than 1.000 kilometers to carry one million barrels of oil a day.

The optimal production means a production with the maximum recovery rate. that can boost the country'.s economic. security and political power.

Iran (34 trillion cubic meters) and Russia (32.6 tcm) hold the largest proven gas reserves.

All the talks are being run smoothly and none of the cases of negotiations is obstructing the others.

Volume of Iran’s gas recovery from South Pars stood at 285 million cubic meters in 2013 while the figure has climbed to 540 million cubic meters thanks to implementation of 11 new phases.

France’s Total signed a deal with Tehran last month to develop phase 11 of South Pars.

Essar Oil'.s new owners will settle over 2 billion euros ($2.4 billion) owed to Iran for past oil purchases.

A large number of Iranian traders started to ship food to Qatar following the political crisis.

In the meantime. other foreign companies are welcome to discuss their interest in the gas field.