Iran gas

Iran’s oil, gas condensate output expected to rise next year

Considering the new resource allocations for the development of the oil industry in the budget bill for the next Iranian calendar year (starts on March 21), the country’s crude oil and gas condensate production is expected to increase by 144,000 barrels per day (bpd) in the next fiscal year.

Energy

Iran’s gas condensate exports on the rise: Minister

Iranian Minister of Petroleum Javad Owji said the country’s gas condensate exports are on the rise, adding a new record has been set in gas production from the joint South Pars Gas Field.

Energy

Last South Pars onshore refinery to become operational by January 2022

The operation of the first gas sweetening train of Phase 14 refinery in the giant South Pars Gas Field by January 2022 is of high priority for the National Iranian Oil Company, the company’s deputy for production said.

Energy

Despite sanctions, Iran is world’s third largest gas producer

Iran produced 267 billion cubic meters of natural gas in 2019, making the country the world’s third-largest producer after the US and Russia despite the most draconian sanctions imposed on the country.

Energy

Iran oil, gas industry needs $160 billion of new investment: Minister

Iran’s Petroleum Minister Javad Owji said on Tuesday that the country has to invest some more $160 billion on oil and gas industry.

Energy

Iran to maximize winter gas output to prevent shortages

Iran gas output will maximize to 940 million cubic meters (mcm) per day over the winter months to ensure households and power plants will face no shortages.

Society Economy

Iran to launch South Pars Phase 14 refinery soon

Iran will launch a refinery in the Phase 14 of South Pars Gas Complex in coming days, said the operator of the SP Phase 14 Development Project.

Energy

Iran pays $30b in energy subsidies in 2020 to rank first globally

Iran remained the single largest provider of energy subsidies across the globe in 2020.

Energy

President Raeisi’s oil minister pick says he will push for increased gas output

A nominee to take over the role of Iran’s oil minister in a new administrative government led by President Ebrahim Raeisi says he’ll push for increased natural gas output beyond the current enviable record of nearly 1 billion cubic meters (3.5 billion cubic feet) per day.

Energy

Iran pumps one billion cubic meters of gas per day from South Pars

Iran has recovered nearly 13% of the total gas reserves in its side of the world’s largest gas field in the Persian Gulf, says its top oil and gas development company, as the country boasts of a major success at a time of brutal US sanctions on its oil and gas industry.

Energy