Iran is losing $30 billion in annual revenues due to the delay in developing 10 phases of the South Pars Gas Field in the Persian Gulf, head of Majlis Planning and Budget Commission said.
Energy
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The halving of…
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Three new floating storage units have been launched in the Persian Gulf and are ready to operate, said director of Iran Oil Terminals Company. "The previous sales record for gas condensate has…
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"Improving…
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South Azadegan Oilfield Development Project will be financed by Iranian companies and not foreign investments, said Mahmoud Marashi, the executive manager of Development Project.
"So far,…
A second terminal for oil and gas export will be built in the port city of Jask in Hormozgan Province, secretary-general of the Supreme Council of Iran's Free Trade, Industrial and Special…
The government has no plans to scrap fuel cards, which have attracted the attention of Venezuela, Iraq and Syria, CEO of the National Iranian Oil Production and Distribution Company said.
"…
In a meeting on Wednesday, the Cabinet approved the framework of the new petroleum contracts, known as Iran Petroleum Contract, due for unveiling in November.
IPC is aimed at accelerating…
Iran's condensate exports in September reached the highest monthly total so far this year, after its top client China resumed buying the ultra-light crude for the first time in six months, two…
