Tag Archives: Oil Minister

22 petrochemical projects are under development in Mahshahr at an estimated cost of $1.3 billion.

A top priority of the NIOC is to expand services and improve welfare in regions home to our major oil and gas reserves.

Iran is pushing with plans to play a bigger role in the global energy mix.

Iran is among few countries who enjoy access to feedstock. international markets as well as proximity to water resources.

Most countries want OPEC'.s decision to be extended

Oil shipments from Iran reached a daily average of 2.6 million barrels in fiscal 2016-17.

Iran has planned to issue tenders on 49 oil and gas fields based on newly designed agreements.

Iran also wants to expand the production of a variety of equipment. such as control valves. pipes. rotating machines.

Production capacity in the West Karoun oilfields is set to reach 500.000 barrels per day by July from the present 300.000 bpd.

The IPC has more flexible terms that take into account oil price fluctuations and investment risks.