Tag Archives: Iranian News Agency

Iran has always been seeking reasonable prices for oil which will encourage the producers to produce more oil and therefore stop the global market from destabilization.

South Pars Phase 14 development project is being implemented by the employer POGC with the goal of producing 56.5 million cubic meters of sour gas per day and 75.000 b d of gas condensate.

Iran and six major powers signed the nuclear agreement in July 2015 and started implementing it in January 2016.

The JCPOA implementation is acceptable for Iran’s oil sector until the Islamic Republic is able to sell its oil.

TAPI is a planned 1.800-kilometer stretch of pipeline aimed at transferring natural gas from Turkmenistan to India.

Iran is the best route for transferring Turkmenistan gas to Pakistan.

The project. which has generated a large number of jobs in the area. is hoped to develop agriculture and industries.

The average price of Iranian light crude oil has been $65.39 a barrel. and the average of the Iranian heavy crude oil has been $63.88.

Azar holds 2.5 billion barrels of in-place oil. but new reservoir studies on the field suggest a much higher figure of 4 billion barrels.

After ownership of Danish company Maersk Oil was taken by the French Total. Iran decided not to give the development of the South Pars field to Total.