Tag Archives: Qatar

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.

Tehran'.s exceedingly tight budget does not measure up to its energy aspirations.

Condensate output is slated to reach 1 million barrels a day upon the launch of all phases of South Pars.

Iran shares a number of oil and gas fields with its Arab neighbors in west and southwest.

The amount of the country’s gas production has increased tremendously in the past three years.

Total will raise gas production from Phase 11 to around 51 million cubic meters per day in 20 years.

Iran and Kuwait are taking steps to reach an understanding to develop Arash Gas Field in the Persian Gulf.

Iran has sold its entire inventory of gas condensates in China.

. 60% of oil consignments go to Asia and the rest to oil terminals in Europe.

With completion of the 1st phase of Setareh Khalij Fars Refinery. Iran will stop importing gasoline from March.