Tag Archives: Persian Gulf

Calculations show that it could take about a month for a cargo ship to sail from the Middle East to a port in Argentina.

Several other foreign companies have been invited for South Pars oil venture but none have given a decisive answer.

According to Zanganeh. Tehran aims to sign 10 new oil deals by the end of the current fiscal year (March 20. 2018).

Iran is currently producing about 880 million cubic meters a day of natural gas.

Tehran says its new petrochemical ventures require over $70 billion in investments that should mostly come from foreign sources.

NIOC has informed buyers in Asia that it could reduce condensate exports in October because of the maintenance at South Pars. industry sources have said.

Crude oil production from South Pars is in a trial stage. but output can be increased to as much as 150.000 barrels per day in future.

In fiscal 2016-17. gas production from South Pars increased to 520 mcm d. up more than 150 mcm d compared with the previous year.

NIOC plans to employ enhanced oil recovery methods to boost the extraction rate in fields by 35%.

Foreign firms urge us to provide them with either government or non-government guarantees. neither of which is possible for PGSR.