Special Features
Ramping up production

IRAN has put in place an ambitious plan to ramp up its crude oil production to reach 5 million barrels per day (mbpd) by 2018. To achieve this, the country plans to work alongside international oil companies (IOCs) and implement favourable contractual models to encourage foreign investment in the country, says Ali Majedi, deputy petroleum minister for International Affairs and Commerce, Ministry of Petroleum, Iran.The minister says that $255 billion investment is needed in Iran’s oil and gas...

Launching 1 mbpd oil capacity boost

IRAN hopes to begin during the next few months work designed to boost the country’s oil production...

Iran-Iraq 2nd gas deal still in limbo

TEHRAN and Baghdad have not started their negotiation over signing a second gas export contract.The...

Iran considering marketing gas in Gulf through Oman

A PLANNED gas supply deal with Oman will enable Iran to market its natural gas through the entire...

Relying on gas imports

IRAN’S domestic consumption has been on the rise in the recent years. The country is also obliged to...

Sanctions hit Iran oil production

IRAN’S oil production and exports have decreased significantly in the past three years.The US Energy...

Iran a decade or more from becoming major gas exporter

THE world’s largest gas reserves may tempt some energy companies back to Iran if sanctions are...




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