Trial Version
FA Thursday, January 24, 2019
A senior official with the National Iranian Oil Company (NIOC) said the company viewed northern oil-rich regions as a priority just like southern areas for development of the oil industry.
A senior Iranian energy official said the country was supplying a total of 800 million cubic meters/day of natural gas or 5 mbd of oil equivalent.
The Iranian minister of foreign affairs said Tehran would welcome investments by Indians in Iran’s oil, gas and petrochemical projects.
Iranian Minister of Petroleum Bijan Zangeneh said despite the fact that among the oil-exporting countries in the region, Irans budget was the least dependent on petrodollars, the macroeconomic policy of the country “is to reduce the dependence of the budget on oil revenues."
Iran plans to sell 3 million barrels of crude oil to private companies in the third round of sales aimed at bypassing US sanctions, Minster of Petroleum Bijan Zangeneh says.
Iran’s gas recovery for the supergiant South Pars gas field is projected to increase by 56 mcm/d by the end of the current calendar year to March 20 2019.
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