Tag Archives: National Iranian Oil Co. (NIOC)

Iran and the Group 5+1 reached the 159-page nuclear agreement in July 2015 and implemented it in January 2016.

The field'.s current output. which stands at 80.000 bpd. will increase by 20.000 bpd as soon as the 13 newly-drilled wells go on stream.

The first 44.000 mt evenly split propane butane parcel was delivered in October 2016.

Dubai and Oman crude oil prices are respectively $58.77 and $58.70 per barrel. indicating an upswing of $2.51 and $2.56.

The Persian Gulf nation aims to raise output to over 1 billion cubic meters by March from around 880 million cubic meters daily.

Total would be the first major Western enterprise to invest in Iran’s energy sector after the removal of sanctions against the country in 2016.

Gazprom is already a major player in the global natural gas liquefaction market.

Iran'.s oil production is about 3.9 million barrels a day. including the 2.2 million barrels exported.

According to Oil Minister Bijan Namdar Zanganeh. negotiations are underway with Iraq to develop three joint oilfields.

Iran was Japan'.s fifth oil supplier after Saudi Arabia. the UAE. Kuwait and Qatar. with a share of 6.8 percent in September 2017.