Iran plans to start to extract oil from the world's largest gas field next year as part of the Opec member's strategy to boost its crude oil production to at least 3 million barrels per day, official Iranian media reported.
The presidents of Iran and Pakistan marked the start of Pakistani construction on a much-delayed gas pipeline on Monday, Iranian media reported, despite US pressure on Islamabad to back out of the project.
Dubbed the "peace p
Iran has called for foreign help to recover a $40 million gas platform from the Gulf seabed, its Mehr news agency reported, in a rare request by an industry isolated by sanctions.
The South Pars project to develop Iran’s part of t
Iran reiterated to China on Saturday it could take back control of a gas field being developed by its national oil company unless it speeds up investment, one week after the new Iranian oil minister said no foreign contractors were needed.
Iran plans to invest $18 billion by 2015 to boost output the oil-rich south and expects its Yadavaran field to start production in a few months, the Iranian Oil Ministry's website Shana said on Sunday.
Opec's second largest producer, which
Iran will issue 2.7 billion euros ($3.9 billion) of bonds to help finance the development of its South Pars gas field in the Gulf, Oil Ministry news website Shana reported on Tuesday.
"These bonds will be offered from next week with the pa
Iran says its gas production output will rise to 700 million cubic meters per day by March 2012, an official was quoted on Monday as saying by the semi-official Mehr news agency.
Iran has the second-biggest gas reserves in the world after
Iran will issue bonds worth some 5 billion euros ($7 billion) to help finance development of its giant South Pars gas field, the semi-official Mehr news agency quoted a senior official as saying.
"Soon we will issue international bonds wor
Iran has put multi-billion dollar plans to create a liquefied natural gas industry on hold, the government has said, as new sanctions against Tehran's nuclear programme start to bite in crucial economic areas.
Deputy Oil Minister Ahmad Gha
Global energy majors are welcome to help develop oil and gas projects in Iran despite new sanctions imposed on the country, a top official said.
'We welcome all international companies, eastern or western. The oil industry cannot be de