Tag Archives: National Iranian Oil Co. (NIOC)

Reasonable oil prices would ``encourage producers to keep supply while it would prevent global markets from plunging into instability.

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'.s oil exports to India were over 50% higher than that of last fiscal year.

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

The cooperation can to a great extent help push Oil Ministry'.s plans on boosting gas exports.

Iran'.s oil and gas condensate exports rose by 1.018 million barrels a day to 2.418.000 barrels per day after implementation of the deal.

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.

Iran’s total export of crude oil and gas condensate is now more than 2.5 million barrels a day.

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.