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2016-05-24 19:50:00

IRAN WILL NOT FREEZE

IRAN WILL NOT FREEZE

 

IRAN OIL GAS FOILDS MAP

 

IRAN OIL PRODUCTION 2011 - 2017

 

Iran has no plans to freeze the level of its oil production and exports, Deputy Oil Minister Rokneddin Javadi was quoted on Sunday as saying, as the country tries to raise its crude exports to pre-sanctions levels.

"Under the present circumstances, the government and the Oil Ministry have not issued any policy or plan to the National Iranian Oil Company (NIOC) towards halting the increase in the production and exports of oil," Javadi, who also heads the state-run NIOC, told Iran's Mehr news agency.

"Currently, Iran's crude oil exports, excluding gas condensates, have reached 2 million barrels per day (bpd)," Javadi said. "Iran's crude oil export capacity will reach 2.2 million barrels by the middle of summer."

A meeting of the OPEC exporters' group, including Iran, is scheduled for June 2. Plans for a deal between OPEC and non-OPEC producers to shore up crude prices by freezing output fell apart in April when Saudi Arabia demanded that Iran, its main rival for influence in the region, join in.

Iran's oil exports were badly dented by Western sanctions and since these were scrapped in January, it has been determined to build its exports back up, making a compromise with Saudi Arabia almost impossible.

reuters.com

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Earlier: 

DOUBLE IRANIAN LPG 

IRAN NEED SHIPS 

IRAN WILL CONTINUE 

IRANIAN GAS UP BY 15% 

ИРАН ПРИГЛАШАЕТ В ПРОЕКТЫ 

IRAN NEED TECHNOLOGY 

IRAN IS A GOLD MINE

 

 

 

Tags: IRAN, OIL, PRODUCTION

Chronicle:

IRAN WILL NOT FREEZE
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U.S. - EXXON - RUSSIA SANCTIONS

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IRAN WILL NOT FREEZE
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NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

IRAN WILL NOT FREEZE
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NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

IRAN WILL NOT FREEZE
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

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