TEHRAN – Iran on Monday launched the development project of the Tous gas field in the country’s northeast by presidential order, aiming to strengthen gas supply stability in the region and feed the Shahid Hashemi-Nejad gas refinery in Sarakhs.
TEHRAN – Iran has collected about 9.0 million cubic meters (mcm) per day of associated and flared gas over the past 15 to 16 months, bringing total daily collection to around 16 mcm, Oil Minister Mohsen Paknejad said on Monday.
TEHRAN – Iran’s oil industry has set new records in production, exports and capacity development over the past 18 months, despite continued sanctions and external constraints.
TEHRAN – Iran’s oil minister dismissed concerns that potential U.S. dealings with buyers of Iranian crude could undermine Tehran’s oil sales or revenues, saying the country remains in control of its export strategy.
