Tag Archives: Iranian Ministry of Petroleum

Iran has inked two separate contracts to export the product to Iraqi cities of Basra and Baghdad.

The South Pars oil layer is located 130 kilometers off Iran'.s coast in the Persian Gulf with an estimated 7 billion barrels of oil in place.

During the period of sanctions. oil production in the country was capped at about 2.7 million barrels a day. including 1 million barrels sent to export markets.

Under the sanctions Iran’s oil production was 2.7 million barrels per day. with one million barrels heading for export markets.

Iran'.s oil minister said in May that the international tender for the Azadegan oilfield was underway.

Tabriz Refinery has succeeded in cutting annual water evaporation within its facilities by 50% to 40 million cubic meters a year.

The allocation of the $13-billion credit line by South Korea to Iran would open the way for Japanese and European banks to do the same with the country.

Iran produced 50.61 million tons of petrochemicals in fiscal year 2016-17 that ended in March.

Total signed a preliminary agreement last year to develop Phase 11 of the giant South Pars field in tandem with China'.s CNPC and its Iranian partner Petropars.

West Karoun is the name of an oil-rich region in Khuzestan that includes several large oilfields.