Tag Archives: Production

Iran holds 38% of the petrochemical market in the Middle East.

Iran was the only country allowed to slightly boost output.

NIOC says a second list of qualified companies will be made available soon.

Russian companies have indicated interest in Iran’s gas development projects.

Gas condensate exports are set to rise to 400.000 cubic metres this year. from 200.000 cubic metres in 2016.

It was decided during the meeting that majority of members curtail production by a combined amount of 1.2 million barrels.

The average production of oil during the first 6 months of the year should stand at the established quota.

Riyadh will keep the oil output level at under 10 million barrels per day by the end of winter.

Three factors could pose major threats to the anticipated upsurge in global oil prices in 2017.

NIOC has widened the scope of exploration activities in the Persian Gulf.