Tag Archives: Persian Gulf Countries

The pipeline will connect the South Pars/North Dome Gas field shared by Iran and Qatar with the Iraqi city of Basra.

Iran is developing the giant South Pars field in 24 phases.

Iran’s will practically end gasoline imports in the next Iranian calendar year.

The two neighboring countries also have agreed on a deal for exporting 25 mcm of gas to Iraq’s Basra.

Iran was the only country allowed to slightly boost output.

Gas condensate exports are set to rise to 400.000 cubic metres this year. from 200.000 cubic metres in 2016.

It was decided during the meeting that majority of members curtail production by a combined amount of 1.2 million barrels.

The average production of oil during the first 6 months of the year should stand at the established quota.

Iran and Oman have agreed to conduct joint venture in Chabahar Free Trade Zone.

Three factors could pose major threats to the anticipated upsurge in global oil prices in 2017.