Tag Archives: Persian Gulf Countries

.Iran'.s production of natural gas from the supergiant South Pars Gas Field stands at 480 mcm/d

.Iran has so far pumped 72.95 billion barrels of crude oil from its reserves with an average recovery rate of 24.65%

.Officials in Tehran say they are waiting for the government in Bagdad to renew the contrac

Iraq was close to implementing its share of the agreed production cuts and would be in full compliance by the end of the month

.It is expected to the agreement to be completed during the next two months

.Production increased throughout 2016. rising from 2.94 million bopd in January to 3.7 million bpd by November

.The price of OPEC basket of thirteen crudes stood at $53.92 a barrel on Feb.2

.The NITC chief said his company has signed deals with foreign companies for leasing 35 tankers

.The US imported about 3 million barrels a day from OPEC last year

.The agreement on development of phase 11 of South Pars Gas Field is valued at 4.8 million dollars