Iran gas Export to Iraq Resumes
Iran gas export to Iraq, which was halted for about two weeks, has been resumed, the head of dispatching operations at the National Iranian Gas Company said. “The halt of export to the neighboring country was based on a previous agreement and had been planned months ago,” Mohammad Reza Joulaei was...
Natural Gas Exports to Iraq and Turkey Down 75%
Natural gas exports to Iraq and Turkey has reduced by 46 million cubic meters per day, said Hamid Hosseini, the head of board of directors at Iranian Oil, Gas and Petrochemical Products Exporters’ Association. “Unprecedented cold spell and massive rise in domestic gas consumption have forced the National Iranian Gas Company...
NIOC Eyes Sale of 1.4 mbpd of Crude Oil in Fiscal 2023-24
The National Iranian Oil Company (NIOC) is projected to sell 1.4 million barrels per day of crude oil at $85 as per the budget law of next Iranian year (March 2023-24), partly by using a barter system. President Ebrahim Raisi made the statement in a speech addressing the parliament members on...
Foreign Investment in Oil and Gas Sectors Without Joining FATF Improbable
As long as the Financial Action Task Force, the global anti-money laundering watchdog, does not remove Iran from its blacklist, the country cannot have a say in the global oil and gas markets, an energy analyst said. Finally foreign Investment in Oil and Gas Sectors Without Joining FATF Improbable. "Pinning hopes...
Daily Iran gas consumption to Hit 650 mcm
Iran gas consumption in the domestic and commercial sectors is predicted to reach 650 million cubic meters per day in the first month of winter (Dec. 22, 2022-Jan. 20, 2023), the head of the state-run National Iranian Gas Company’s Dispatching Department said. “Currently, an average of 600 mcm of gas are...
IRENEX: Iran has no role in setting international gas prices
Iran has more than 33 trillion cubic meters of proven gas reserves, accounting for 16.6% of the world’s total. This makes it the world’s second biggest after Russia. For this precise reason it would make economic sense to launch a competitive market for gas trade via the Iran Energy Exchange (IRENEX)...
10% increase production of gasoline and jet fuel in Abadan Refinery
The second phase of the development plan at the Abadan Refinery in Khuzestan Province has registered 97% progress and a part of the phase is ready for launch, director of the development plan said. The development project, which started in 2017, is expected to boost the production of Euro-5 gasoline...
Tehran Oil Refinery Accounts for 50 Percent of Iran Jet Fuel
Tehran Oil Refinery Company accounts for 50% of jet fuel produced in Iran, the head of the refining company said. “The facility receives 250,000 barrels of crude per day as feedstock, a part of which is converted to jet fuel conforming to international standards,” Hamed Armanfar was also quoted as saying...