Sunday Sep 23, 2018

PetroEnergy Information Network


West Karoun Output Keeps Rising
TEHRAN (Shana) -- Iran holds about 67 billion barrels of oil in place in the jointly owned oil fields in the West Karoun area. Until 2013, Iran was extracting nearly 50,000 b/d of oil from these fields which are shared with neighboring Iraq. But now Iran’s output has exceeded 300,000 b/d.
Sunday02 September 201815:44
SP Output to Grow 84mcm/d
TEHRAN (Shana) -- Iran's Petroleum Ministry, under President Hassan Rouhani, inaugurated 11 conventional phases of the giant South Pars gas field (12, 15, 16, 17, 18, 19, 20 and 21) without any foreign help. That raised South Pars gas output from 240 mcm/d to 570 mcm/d. Development of these phases under sanctions inflicted higher costs on Iran's petroleum industry and took more time than normal; however, it kept Iran's petroleum industry development running.
Sunday02 September 201815:42
Aghar Gas Output to Double
TEHRAN (Shana) -- Sitting atop 18% of the world's proven gas reserves, Iran ranks the first in terms of holding natural gas in the world. Owing to development of gas fields in recent years, Iran’s average gas production has reached 800 mcm/d, 600 mcm/d of which is consumed domestically.
Wednesday29 August 201812:04
Global oil and Asian product market, July
TEHRAN (Shana) -- Dated Brent moved in a tight US$72-75/bbl range over the second 10 days of July. A slew of bearish events have hit the market since then and prices are on a downtrend, erasing the gains made in the run-up to the OPEC meeting held on 22 June. Although there are several push and pull factors at play, supply returns from Libya and Canada, and Saudi and Russian production increases, and the recent US stance on Iranian sanctions amid US-China trade war weigh on the market.
Wednesday15 August 201815:14
Gazprom to Develop Changuleh
TEHRAN (Shana) -- Iran holds 102 oil and gas fields, 28 of which are jointly owned with neighboring countries. The joint onshore fields are shared with Iraq, while the offshore ones are located in the Persian Gulf and the Sea of Oman.
Tuesday24 July 201811:16
Europe Set to Continue Petchem Cooperation with Iran
TEHRAN (Shana) -- The attractiveness of Iran's petroleum industry, particularly petrochemical sector, is such that even US threats and pressures have failed to dissuade international companies from continuing to do business with Iran.
Tuesday24 July 201811:11
South Pars Sees Output Hike
TEHRAN (Shana) -- Under the first administration of President Hassan Rouhani (2013-2017), 10 standard phases of South Pars gas field came online. Now efforts are under way to accelerate the development of SP13, SP14, and SP22-24 of the giant offshore gas field, which Iran shares with neighboring Qatar.
Tuesday24 July 201810:59
Euro-5 Gasoline Output Hits 22 ml/d
Countdown for Phase 2 of Condensate Refinery
TEHRAN (Shana) -- Bandar Abbas Gas Condensate Refinery, which is located 25 kilometers west of the southern Iranian city of Bandar Abbas on a land measuring 700 ha in area, is known to be the most modern treatment facility in the Middle East region.
Monday18 June 201818:02
West Karoun Oil Output Growing
TEHRAN (Shana) -- Oil production from oil fields located in the West Karoun area in western Iran has increased to 350,000 b/d from 70,000 b/d, after the inauguration of the first phases of North Azadegan, Yadavaran and North Yaran oil fields. Iran plans to raise production from these fields to 1.2 mb/d.
Monday18 June 201817:51
Gas Transmission Capacity to Hit 830mcm/d
IGTC Open to Foreign Cooperation
TEHRAN (Shana) -- Iran has currently more than 37,000 kilometers of gas pipeline plus over 80 gas compressor stations. It is noteworthy that every year, 1,000 kilometers of high-pressure gas transmission line and seven to eight gas compressor stations are becoming operational. Iran is determined to maintain its 4th international rank in terms of gas supply network by launching new projects in coming years.
Monday18 June 201817:43
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