Tag Archives: National Iranian Oil Co. (NIOC)

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.

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.

Kharg is the largest oil export terminal south of Iran that accounts for the largest part of oil export of the country.

BP said last week that it will announce the result of its evaluation of NISOC'.s customized model soon.

Korea Gas Corp. (KOGAS) — the world'.s No.2 LNG buyer — is a main importer of Iranian LNG.

POGC produced 1.4 million tons of butane. 899 thousand tons of which were exported while the rest was delivered to Jam Petrochemical Complex.

Iran will continue to rank first to third among main energy players in the world.