Tag Archives: Persian Gulf Countries

The first FPSO is still en route to its operational location where it will become installed.

Iran plans to invest $100 billion in upstream oil and gas projects by 2021.

OPEC officials have repeatedly said the group does not target a specific oil price.

Iran’s exports of oil stood at 2.35 million bpd before the sanctions were imposed against the country in 2011.

Supply of gas to the southern province will save $660 million annually by replacing liquefied fuels with gas.

Lukoil is actively looking for growth opportunities in the Middle East.

Iran aims to grow gas output to 1 trillion cubic metres by 2018. up from 160.5 billion cubic metres in 2012.

South Pars'. sulfur output in the last 11 months was 472.000 tons. which is expected to rise in the near future.

Iran hopes to increase output to 55.000-60.000 barrels per day in the second phase of production from the South Pars crude oil layer.

Tehran'.s exceedingly tight budget does not measure up to its energy aspirations.