Tag Archives: Iranian Ministry of Petroleum

The first and second stages of the project would become operational in 40 months and 60 months respectively.

At least nine Russian companies have voiced willingness to help Iran develop its oil and gas fields.

Upon the completion of the project. the refinery will raise its propylene production by 1 million tons per year.

Total will operate the SP11 project with a 50.1 percent interest. while Iranian Petropars Company and the Chinese CNPC will have a share of 19.9 and 30 percent. respectively.

Electricity exports have decreased from 1.300 MW to 900 MW during peak hours to cope with growing domestic demand in the scorching days of summer

The 4.8 billion-dollar deal is the first major gas and oil agreement since anti-Iran sanction relief.

Sanctions promoted corruption in Iran in oil and gas business in order to circumvent sanctions.

Iran has steadily reconnected with buyers across Europe since sanctions were lifted and NITC expects to play a bigger role.

Currently. Iran’s oil output stands at 3.8 million barrels per day. despite numerous statements that the country reached its pre-sanction production level of 4 million bpd.

The BP head said that the company would spend $15 billion in projects this year. and in 2018 and 2019.