Pars Special Economic Energy Zone

Director of a project to drill Wells at Phase 14 of the offshore South Pars gas field said 100,000 meters had been drilled in the phase for completing 14 Wells.

East and Southeast Asia is the major consumer of the Middle East Gas Condensate. Iran plans to reduce its Gas Condensate export to zero by increasing Condensate processing capacity.

The Federation of Energy Industries of Iran (FIEEI) in collaboration with ECO Secretariat, ECO CCI and ICCIMA (Iran Chamber of Commerce, Industries, Mining and Agriculture), Iran Energy Association and Iranian Biofuel Society is to hold the “2nd International ECO Energy Conference in Tehran on March 3 and 4.

Japanese refiner Cosmo Oil will load around 900,000 barrels of Iranian Heavy Crude oil in early March as local refiners are rushing to lift as much barrels from Iran during the current 180-day US sanctions waivers, sources with direct knowledge of the matter told S&P Global Platts Tuesday.

Iran has bettered Qatar in developing its share of the joint South Pars Gas Field over the past six years.

The National Iranian Drilling Company (NIDC) has completed drilling operations for 123 Oil and gas wells over the course of the first 11 months of the current calendar year, which began on March 21.

The National Iranian Drilling Company ( NIDC) has completed drilling operations for 123 oil and gas Wells over the course of the first 11 months of the current calendar year, which began on March 21.

An official with the Iranian Ministry of Petroleum said the country was not only self-sufficient in Petrol production, but had excess production capacity, which could be earmarked for exports.

Iraq and Iran have reportedly begun exchanging crude Oil following a 10-day halt which came after the Kurdish Regional Government (KRG) suspended the swap earlier this month.

The number of greenfield Oil and Gas projects to get their final investment decision could rise threefold in 2019 all over the world, Norwegian energy consultancy Rystad Energy has forecast.