OPEC will welcome Iran’s full return to the oil market when sanctions are lifted, the secretary general of the Organization of the Petroleum Exporting Countries (OPEC) told the Iranian oil ministry’s website SHANA on Monday. “We believe that Iran is a responsible player amongst its family members, the countries in the OPEC group. I’m sure […]
Iran
Posted inNews
Iran to launch $15 billion oil and gas projects this year
Iran will launch about $15 billion worth of oil and gas projects in 2023, according to the country’s oil minister Jawad Owji. All of the launched projects have had a direct impact on increasing the production capacity of the country, he added. In the last Iranian year (March 2022-23), $12 billion worth of oil, gas […]
Posted inExploration & Production
Iran producing over 3 million barrels of oil per day: Minister
Iran’s oil production has surpassed 3 million barrels per day, Reuters reported, citing Iran’s Oil Minister. “Over the last 20 months, Iran’s oil production has reached levels above 3 million barrels per day and natural gas output has reached more than 1 billion cubic meters,” Javad Owji said. Iran pumped 2.4 million barrels per day […]
Posted inNews
Revealed: 5 largest oilfields in the Middle East
The Middle East is home to some of the largest and economical oilfields in the world. The world’s largest oil field, Saudi Arabia’s Ghawar Field, for instance, produces around 4 million barrels of oil per day, accounting for well over one-thirds of Saudi Arabia’s total production. Here is a list of the top five oil […]
Posted inNews
Middle East to launch over 600 oil and gas projects until 2027
The Middle East is expected to commence 621 projects between 2023 and 2027, according to data from GlobalData Energy. Out of these, upstream projects would be 81, midstream would be 141, the refinery at 84, and petrochemicals would be the highest with 315 projects. New build projects are expected to lead the upcoming project landscape […]
Posted inEnergy Transition
COP 27: UAE, Jordan and Israel sign solar energy deal
The three countries will continue to develop plans for COP 28, which will be hosted by the UAE
Posted inNews, Energy Transition
Iran launches tender for 4GW solar PV capacity
SATBA, Iran’s Renewable Energy and Energy Efficiency Organisation, wants to select proposals for PV solar projects up to 10MW in size over the next four years
Posted inNews
Iran wants to pump more oil than before Trump sanctions
Iran’s daily production capacity will reach four million barrels by March.
Iran has announced plans to pump more oil than it did before previous-US President Trump imposed additional sanctions, a top Iranian oil official said, Bloomberg reported. The comments were made just before a high-level nuclear talk with are likely to impact Iranian energy-market ambitions. “Plans are in place to increase oil output to more than […]