Tag Archives: Persian Gulf

Sarakhs Zone is ready to accept and cooperate with foreign investors.

It is estimated that the complete development of the South Pars phases will guarantee Iran’s energy supply.

Oil shipments from Iran reached a daily average of 2.6 million barrels in fiscal 2016-17.

Iran'.s annual petrochemical production capacity is around 65 million tons.

Revenues from oil sales are national wealth and belong to future generations.

Production capacity in the West Karoun oilfields is set to reach 500.000 barrels per day by July from the present 300.000 bpd.

A major new oil gas discovery. similar to the giant South Pars Gas Field. is unlikely to take place.

After the removal of sanctions in January 2016. Iran increased the oil export gradually. up to about 3 mb d in March.

NIDC has 75 drilling rigs. 68 of which are being used in the joint oilfields. namely South Azadegan.

Qatar is a small but wealthy member of OPEC that generates most of its income from natural gas rather than crude oil.