Tag Archives: Oil Minister

Farzad B was discovered by OVL in the Farsi block about 10 years ago.

Iran had signed two basic agreements with Gazprom over the development of North Pars and Kish gas fields in addition to the Farzad projects.

St. Petersburg International Economic Forum also offered innovative and attractive solutions for the oil and gas sectors.

For all OPEC members. $55 [per barrel] and a maximum of $60 is the goal at this stage.

Turkey had called for a 62.5 percent decrease in the price of gas it imported from Iran five years ago.

South Azadegan is believed to hold an in-place oil reserve of about 33.2 billion barrels.

Currently. Iran has agreements with Iraq and Oman to supply 28 bcm y of gas.

Total said earlier in February that a final decision on the deal hinged on the new U.S. administration renewing the waivers.

OPEC members would decide during the meeting on May 25 to extend the 1.2 mb/d oil cut for six or nine months.

The SPR sales would not start until October 2018 and would amount to just 95.000 bpd. or 1 percent of current U.S. output.