Total has spent $90 million to help develop the offshore field and won’t be compensated before production begins.
Read More »Glencore Cancels Proposed Sale of Stake in Russian Oil Co.
Glencore and QIA have now agreed to dissolve their partnership.
Read More »Iran Starts Gas Production at South Pars 14
South Pars Phase 14 development project is being implemented by the employer POGC with the goal of producing 56.5 million cubic meters of sour gas per day and 75.000 b d of gas condensate.
Read More »Iraq Could Overtake Turkey by Importing More Iranian Gas
Basra. Iraq'.s second largest city. needs Iranian gas to feed its power plant.
Read More »Trump threat to Ditch Iran Deal Is Scaring off Oil Traders
Iran’s current exports are more than twice what they were before energy sanctions were eased in January 2016.
Read More »South Pars Phase 14 First Offshore Platform Coming on Stream
Phase 14 is expected to become fully operational by the end of the current fiscal year.
Read More »Oil Min: Iran Accelerates Gas Export to Pakistan
The minister placed special emphasis on accelerating the development of Mokran Costal Area.
Read More »Iran Petrochem Output Hits 55m Tons
The nominal production capacity of petrochemical plants in Mahshahr amounts to 25.6 million tons.
Read More »Iran Oil Exports Amounts to 2.5 mbpd
China and India are Iran'.s largest oil buyers.
Read More »Oman-Iran to Finalize Subsea Gas Pipeline Deal
In February last year. Tehran and Muscat signed a preliminary agreement on the pipeline project that is estimated to cost $1.2 billion.
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