Space Travel 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
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
ESA lander starts 3-day descent to Mars; Telemetry all good

Schiaparelli readied for Mars landing

US relies on industry help to make 'giant leap' to Mars

Opportunity at First Science Spot of its 10th Extended Mission

OIL AND GAS
Hunter's Supermoon to light up Saturday night sky

Exploration Team Shoots for the Moon with Water-Propelled Satellite

Space tourists eye $150mln Soyuz lunar flyby

Roscosmos to spend $7.5Mln studying issues of manned lunar missions

OIL AND GAS
Shedding light on Pluto's glaciers

Chandra detects low-energy X-rays from Pluto

Scientists discover what extraordinary compounds may be hidden inside Jupiter and Neptune

New Horizons Spies a Kuiper Belt Companion

OIL AND GAS
Stars with Three Planet-Forming Discs of Gas

TESS will provide exoplanet targets for years to come

The death of a planet nursery?

Protoplanetary Disk Around a Young Star Exhibits Spiral Structure

OIL AND GAS
Aerojet Rocketdyne motor plays key role in Blue Origin crew escape test

Successful escape, landing for Blue Origin's rocket

Welding on massive fuel tank for first flight of SLS completed

Work underway on hardware that will do double duty on first SLS flight

OIL AND GAS
China to launch manned spacecraft: Xinhua

Closing windows on Shenzhou 11

China may be only country with space station in 2024

China getting ready for Shenzhou 11 launch

OIL AND GAS
Kepler Gets the 'Big Picture' of Comet 67P

Origin of minor planets' rings revealed

Rosetta's comet adventure in numbers

Farewell Rosetta: ESA Mission to Conclude on Comet's Surface









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.