Space Industry and Business News  
OIL AND GAS
Iranian crude oil production rising
by Daniel J. Graeber
Tehran (UPI) Oct 17, 2016


disclaimer: image is for illustration purposes only

With the door opening to foreign energy investors, Iran's oil minister said the country's total crude oil production is rising to pre-sanctions levels.

According to the Organization of Petroleum Exporting Countries, of which Iran is a member, secondary sources reported total crude oil production at around 3.7 million barrels per day, about a half percent higher than the previous month. According to Oil Minister Bijan Zanganeh, the figure was closer to 4 million bpd, a level he said was near Iran's peak from before nuclear-related sanctions were enacted in 2012.

"We have neared the [pre-sanctions] level," he was quoted by the Oil Ministry's news website SHANA as saying.

Iran did not report its production levels for September directly to OPEC, whose members are reviewing coordinating with non-member states to hold production levels steady. Iran in the past has expressed reservations about cooperating with such a deal, saying it needed to regain a market share lost to sanctions.

Zanganeh said production cuts were not a matter up for consideration and any concrete figures for Iran would be discussed when parties to an OPEC output proposal reached last month in Algeria meet next in November.

Iran told OPEC it produced 3.63 million bpd in August, about 10,000 bpd less than reported by secondary sources. Iran aims to boost crude oil production to around 5.7 million bpd by 2021.

Iran said it would start taking applications Monday for oil and gas projects from potential foreign suitors. The state-run National Iranian Oil Co. said companies interested in becoming qualified bidders have until Nov. 19 to submit their credentials.

Zangeneh said new deals with foreign companies could be signed by March under the new contract terms.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
More gas found in North Sea
Stavanger, Norway (UPI) Oct 17, 2016
A Norwegian regulator said a discovery of mostly natural gas was made in part of the North Sea not previously known to hold natural reserves The Norwegian Petroleum Directorate, the nation's energy regulator, said a regional subsidiary of French supermajor Total discovered gas while drilling a wildcat well, a well drilled into an area not previously known to hold reserves. "The w ... read more


OIL AND GAS
Lego-like wall produces acoustic holograms

Efficiency plus versatility

Achieving ultra-low friction without oil additives

Novel method creates important industrial chemicals simply, cheaply

OIL AND GAS
Canada defence dept selects Newtec for first DVB-S2X Airborne Modem

TeleCommunications Systems continues USMC satellite services

SES unveils new tactical surveillance and communications solution

Newest DARPA Challenge: 'Shift Paradigm' With Robot Radio

OIL AND GAS
Orbital ATK and Stratolaunch partner to offer competitive launch opportunities

Trusted Ariane 5 lays foundations for Ariane 6

ULA gets $860 million contract modification for expendable launch vehicle

Ariane 5 reaches the launch zone for Arianespace's October 4 liftoff

OIL AND GAS
Australia's coordinates out by more than 1.5 metres: scientist

US Air Force awards Lockheed Martin $395M Contract for two GPS 3 satellites

SMC exercises contract options to procure two additional GPS III satellites

Lockheed gets $395 million GPS III Space Vehicle contract modification

OIL AND GAS
NASA Takes Next Step in Green Aviation X-planes Plans

China's HNA in $10 bn aircraft leasing expansion deal

Poland blames Airbus for grounding chopper talks

State Dept. approves sale of Cessna AC-208 aircraft to Iraq

OIL AND GAS
Sandia, Harvard team create first quantum computer bridge

Infrared brings to light nanoscale molecular arrangement

Researchers use novel materials to build smallest transistor

Atomic sandwiches could make computers 100X greener

OIL AND GAS
Data improves hurricane forecasts, but uncertainties remain

NASA maps help gauge Italy earthquake damage

Magnetic oceans and electric Earth

DG's Basemap expanded to include 250M square kilometers at 30cm

OIL AND GAS
Scientists discover supramolecule could help reduce nuclear waste

Coffee-infused foam removes lead from contaminated water

Great Pacific Garbage Patch aerial survey yields bad news

Washing clothes releases 1000s of microplastic particles into environment









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.