Iranian Minister of Petroleum Bijan Zangeneh says he believes most members of the Organization of the Petroleum Exporting Countries (OPEC) would endorse extension of the organization's output cut initiative in the upcoming OPEC meeting, adding Iran would also support the cut extension if other members unanimously back it.
Minister of Petroleum Bijan Zangeneh said on Wednesday that Iran exported more than 2.6 million bpd last year on average and will continue the same path this year.
Iran’s crude oil export to India for the fiscal year 2016-2017 increased to 540,000 barrels per day showing a three-fold rise in comparison with the preceding year.
Speaking to reporters following a cabinet meeting on Wednesday, the official described India as one of Iran's good customers, but stressed that New Delhi cutting its oil purchase from Iran would not cause any trouble for Tehran as the country has more demand for its oil than can produce.
"Iran needs billions of dollars of investment to boost crude oil production and natural gas capacity," said Mehdi Varzi, a former official at state-run National Iranian Oil Company and now an independent consultant.
Особое внимание было уделено расширению сотрудничества в нефтегазовой сфере в области разведки, добычи, транспортировки углеводородного сырья. Стороны договорились продолжать конструктивное взаимодействие в рамках Форума стран – экспортеров газа, нацеленное на формирование справедливого баланса интересов производителей и потребителей газа, а также на более широкое применение этого экономически эффективного и экологически чистого ископаемого вида топлива в глобальном энергобалансе, в том числе в целях снижения выбросов парниковых газов.
Russian top gas producer Gazprom and National Iranian Oil Company (NIOC) signed a memorandum on cooperation in the gas sphere on Tuesday.
Iran announced it has started gas recovery from phase 20 development of the supergiant South Pars gas field (SP20) on Sunday.
Saudi Arabia leads countries of the Middle East and North Africa (MENA) in future energy investment.
Saudi Aramco is set to launch its first public bond sale, of around $2bn, as soon as this month, as it begins to tap local currency debt markets as part of a $10bn fundraising programme.