1.5 million barrels of oil per day (bpd) were predicted in the current year’s budget bill.
Read More »Less Privileged Classes to Pocket Revenues from Gas Price Rise
A total sum of $2.5 to $2.4 billion is estimated to be earned from the gas price hike in the country.
Read More »Iran to Cut off Budget Dependence on Oil Incomes
Iran is determined to draft its new budget bill with zero-dependence on oil revenues.
Read More »No Electricity Supply to Iraq in Near Future
Earlier this month. Iran has cut electricity supplies to Iraq due to unpaid bill. affecting Iraq’s Dhi Qar. Maysan and Basra provinces.
Read More »Iran’s Supervisory Board Approves Total`s Gas Deal
Total holds a 50.1 interest in the South Pars project with state-owned China National Petroleum Corporation owning 30 percent and Petropars 19.9 percent.
Read More »Iranian Spokesman Greets Gas Deal with Total
The development of Phase 11 of the South Pars project will cost up to $5 billion.
Read More »Iran’s Oil Output Reach Post-JCPOA Record
Iran’s daily production of crude oil surpassed 3.9 million barrels last month.
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