Tag Archives: Production

Iran'.s crude oil production rose by 50.200 barrels per day in January over the previous month. reaching 3.75 million bpd.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

Iran wants not only to upgrade its dilapidated refineries but also build new ones.

Brent crude was 45 cents higher at $56.04 a barrel by 0950 GMT. U.S. light crude oil was up 35 cents at $53.28.

Iran currently draws 480 mcm d of gas from South Pars which it shares with Qatar.

Gas production at phases 19. 20 and 21 will reach full capacity by the end of the current Iranian calendar year.

Iran'.s total natural gas output has reached 840 mcm d from 490mcm d in 2013.

Most of the sources of dust storms are in neighboring Iraq. Saudi Arabia and Syria.

The $300-million FPSO unit was built in Singapore and will be deployed above the South Pars'. oil layer in the near future.

The project is aimed at improving the refinery'.s processing capacity and efficiency.