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2017-08-29 18:05:00

IRANIAN OIL EXPORT: 2.6 MBD

IRANIAN OIL EXPORT: 2.6 MBD

IRNAIran has exported an average of more than 2.6 million barrels of oil and gas condensate per day last month (July 23- Aug 22), Minister of Petroleum Bijan Zangeneeh said.

Emphasizing the necessity of observing a production based on maximum efficient recovery, Zangeneh said, the country 'is currently producing over 3.8 million barrels of oil per day but the current amount of production is by no means proportionate to the country's reserves.'

'The optimal production means a production with the maximum recovery rate, that can boost the country's economic, security and political power,' he added.

In Iran's sixth development plan, the oil production capacity is aimed at 4.8m bpd which indicates the capacity of production but the real level of production at the end of the plan will be determined by the quota fixed by the Organization of the Petroleum Exporting Countries (OPEC) as well as other factors that may lower the production level, Zangeneh said.

He added that the current level of Iran oil production is nearly the same as that of the pre-sanction era.

The cut in oil production in some fields, has been balanced, said the minister adding, in one of the oil fields, Karoon-e Gharb (Western Karoon), the production has increased to 280,000 bpd from its previous 70,000 figure.

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Earlier:

 

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IRAN'S OIL EXPORT 2.6 MBPD

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Tags: IRAN, OIL, EXPORT, ИРАН, НЕФТЬ, ЭКСПОРТ
IRANIAN OIL EXPORT: 2.6 MBD September, 21, 11:00:00

OIL PRICE: NEAR $79 STILL

IRANIAN OIL EXPORT: 2.6 MBD September, 21, 10:55:00

RUSSIA'S OIL PRODUCTION: 11.3 MBD

IRANIAN OIL EXPORT: 2.6 MBD September, 21, 10:45:00

UNEXPECTED OIL PRICES

IRANIAN OIL EXPORT: 2.6 MBD September, 21, 10:40:00

OIL MARKET UNCERTAINTY

IRANIAN OIL EXPORT: 2.6 MBD September, 21, 10:35:00

OPEC-NON-OPEC DECISIONS

IRANIAN OIL EXPORT: 2.6 MBD September, 21, 10:30:00

U.S. CAPITAL EXPENDITURES UP

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Chronicle:

IRANIAN OIL EXPORT: 2.6 MBD
2018, September, 21, 10:25:00

U.S. ENERGY CASH: $119 BLN

U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014

IRANIAN OIL EXPORT: 2.6 MBD
2018, September, 21, 10:20:00

WORLD OIL DEMAND: 100.23 MBD

OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.

IRANIAN OIL EXPORT: 2.6 MBD
2018, September, 21, 10:15:00

IRAQ'S OIL: NO RECORD

ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.

IRANIAN OIL EXPORT: 2.6 MBD
2018, September, 21, 10:10:00

NATURAL GAS EXPORT UP

PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.

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