Tag Archives: Persian Gulf

Tokyo is going to continue its assistance of up to 40 billion Japanese Yen annually for the next four years starting in 2017.

According to Pertamina'.s proposal. the number of oil wells in Abteymour field will increase from the current 50 to 257.

The first FPSO is still en route to its operational location where it will become installed.

OPEC officials have repeatedly said the group does not target a specific oil price.

India'.s imports more than tripled to 554.600 bpd. topping China'.s for the first time since November.

Supply of gas to the southern province will save $660 million annually by replacing liquefied fuels with gas.

Iran is paying only 15% of the prices. while the rest will be covered by global financing firms.

Iran. producing 18 million tons of steel products. is now the 14th largest steelmaker in the world.

South Pars'. sulfur output in the last 11 months was 472.000 tons. which is expected to rise in the near future.

Iran hopes to increase output to 55.000-60.000 barrels per day in the second phase of production from the South Pars crude oil layer.