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FA Wednesday, October 17, 2018
Iranian Central Oil Fields Company (ICOFC) has completed 80 percent of its gas injection plans to Sarajeh Field in Qom, ICOFC CEO said
Iran is expecting addition of 3 billion cubic feet of natural gas added to its daily production capacity by launching new South Pars phases by early 2019, a senior Iranian oil official said.
The Supreme Economic Coordinating Council has approved a plan to sell oil in hard currency at the Iranian stock market with the aim of diversifying methods of selling oil at the markets trading floor.
Iranian Minister of Petroleum Bijan Zanganeh said Total was not expected to pay a fine to Iran, but the amount that the company had already spent in South Pars Phase 11 project would not be repaid until the project becomes operational.
A member of the Iranian parliament said, "During eight years of the imposed war, we managed to export our oil in any way, and oil production never stopped.
Demand for natural gas is growing on the global scale. Over 20 years to come, the energy mix is set to tilt towards gas.
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