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2017-09-11 12:30:00

IRANIAN OIL WILL UP

IRANIAN OIL WILL UP

SHANA - Iran says its crude oil production will reach 4.5 million barrels per day in a matter of a few years, end of the 6th five-year development plan to 2022.

Ali Kardor, managing director of National Iranian Oil Company (NIOC), said Iran will reach an oil production rate of 4.5 million barrels per day (bpd) within five years.

Currently, Iran's output stands at around 3.8 mbd.

Iranian gas production will reach 1.3 billion cubic meters per day and production of gas condensate will reach 864,000 bpd in the next five years, Kardor said.

The boost in oil production will come from an increase of 420,000 bpd from the West Karoun oil field and an additional 280,000 bps from oil fields in central and southern Iran as well as the Iranian Offshore Oil Company (IOOC), Mr. Kardor said.

Oil exports are expected to reach up to 2.5 million bpd within five years, Kardor added.

The increase in gas production is expected to come from South Pars, the world's largest gas field, according to Kardor.

The official also said that production of liquefied petroleum gas (LPG) will increase to 10.5 million tons/year and ethane output of the country will grow to 8.8 mt/y.

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Earlier:

 

IRANIAN OIL EXPORT: 2.6 MBD

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2017-08-29
 

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2017-08-16
 

INDIAN - IRANIAN GAS INVESTMENT

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2017-06-20
 

RUSSIA - IRAN OIL TALKS

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2017-05-31
 

IRANIAN REVENUE: $191 BLN

IRANIAN REVENUE: $191 BLN IRANIAN REVENUE: $191 BLN Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said Iran has so far recovered 1,060 billion cubic meters of natural gas from the supergiant South Pars Gas Field, adding the ...
2017-05-12
 

IRANIAN OIL: $80 BLN

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2017-05-12
Tags: IRAN, OIL, PRODUCTION

Chronicle:

IRANIAN OIL WILL UP
2017, December, 11, 09:55:00

SAUDIS OIL FOR JAPAN

REUTERS - State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January.

IRANIAN OIL WILL UP
2017, December, 11, 09:50:00

U.S. EMPLOYMENT UP BY 228,000

U.S. BLS - Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.

IRANIAN OIL WILL UP
2017, December, 11, 09:45:00

ДОХОДЫ РОССИИ: +204,8 МЛРД. РУБ.

Отклонение нефтегазовых доходов федерального бюджета от месячной оценки, соответствующей Федеральному закону о федеральном бюджете на 2017-2019 годы, в декабре 2017 года прогнозируется в размере +204,8 млрд руб.

IRANIAN OIL WILL UP
2017, December, 11, 09:40:00

OPEC WILL BACK BY 2040

“Tight oil supplies are the wild card. They have reshaped the global outlook in recent years,” observed Ayed S. Al-Qahtani, who directs the research division at the OPEC Secretariat in Vienna. “US tight oil supplies will be the most important contributor but are expected to reach their peak around 2025.”

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