Tag Archives: Persian Gulf Countries

Iraq is OPEC'.s second-largest producer. after Saudi Arabia.

Iraqi Oil Minister plans to create an oil tanker fleet in order to help the country access global markets.

The two sides have reached a preliminary agreement to build an ultra-heavy crude refinery.

In January. Iran was the third biggest oil supplier to India after Saudi Arabia and Iraq.

With completion of the 1st phase of Setareh Khalij Fars Refinery. Iran will stop importing gasoline from March.

Iran'.s crude oil production rose by 50.200 barrels per day in January over the previous month. reaching 3.75 million bpd.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

Iran wants not only to upgrade its dilapidated refineries but also build new ones.

Iran has made inroads in its oil and gas exploration sector with discoveries of 13 oil and gas reservoirs over the past three years.

Iran currently draws 480 mcm d of gas from South Pars which it shares with Qatar.