With beginning of the autumn, the oil market atmosphere is tending toward boom.
President Hassan Rouhani said that today, non-oil exports are responsible for providing the currency needed by the country.
Iranian technicians and engineers have successfully installed another offshore drilling rig in the Persian Gulf waters.
The oil output in the country should meet a target of 8.5 million barrels per day (mbd) in several years’ time despite efforts to reduce the direct sales of crude.
Oil Minister Bijan Namdar Zanganeh yesterday reiterated that the ministry refutes reports that it is to increase the price of fuel oil.
Azar oilfield is on the verge of hitting a production capacity of 65,000 barrels of oil per day by using the ancillary facilities of the Central Processing Facility.
A member of Iran’s Chamber of Commerce says Iran’s trade with Iraq has declined between 20 to 30 percent this year comparing to the same period last year, noting condition in the borders is good and there is no certain problem there.
By exploring 4.9 billion barrels liquid hydrocarbon in 2019, the NIOC is standing on the top of oil giants in the world.
Oil Minister Bijan Zangeneh said, "Thanks to the development of South Pars and the implementation of gas supply projects in the last seven years, an equivalent to 2.6 million barrels of refining capacity fuel has been distributed and consumed in the country."
that using Iranian gas is very economical for Iraq because natural gas replaces diesel, which is more than twice the price of the gas.