Iran's gas production will rise by 150 million cubic meters per day this year after launching the South Pars gas field phases 12, 15 and 16, head of the National Iranian Oil Company (NIOC) Ahmad Qalebani said.Qalebani said production of oil and gas from shared fields was one of the main priorities of the company over the current year.He added that by launching the three mentioned phases of South Pars not only total gas production would climb considerably but also production of other by-products will rise for consumption either domestically or for exports.The other issue in NIOC's agenda is enhancing recovery rate, Qalebani said adding the company plans to revise in its strategic plans along with changes in domestic and international situations.According to the NIOC top executive, the company plans to raise productivity by focusing on using knowledge-based patterns in order to lower the spending especially when drilling may raise the costs.
GMT 18:55 2018 Friday ,14 December
Libya’s National Oil against paying ‘ransom’ to reopen El Sharara fieldGMT 22:21 2018 Thursday ,13 December
Turkey starts building land part of Turkish Stream pipelineGMT 13:35 2018 Sunday ,09 December
OPEC+ deal to ensure stability of oil price, that is positive for RussiaGMT 14:30 2018 Friday ,07 December
Major oil producers haggle over production cutGMT 13:29 2018 Thursday ,06 December
Major oil exporters mull supply cut amid internal rifts, US demandsGMT 09:30 2018 Monday ,03 December
Qatar says it is withdrawing from OPEC on January 1GMT 21:01 2018 Sunday ,25 November
Oil prices plummet amid U.S. drilling rigs downGMT 17:32 2018 Friday ,16 November
OPEC Basket Price Stood, at over $65.2, on ThursdayMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor