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FinancialNews


  • 12-01-22

    Predictions for Iran’s Oil, gas condensate production to increase

    (MENAFN) Iran’s crude oil and gas condensate output is predicted to rise by 144,000 barrels per day (bpd) in the upcoming fiscal year, taking into account the new resource distributions for the growth of the oil sector in the budget bill for the upcoming Iranian calendar year (starts on March 21).

    Based on Tasnim News Agency, in the budget bill for the upcoming year, more efforts have been exerted to enhance oil and gas output and growth of energy infrastructure all over the nation so as to improve the oil production to 3.952 million bpd.

    The report also stated that the nation’s oil transmission scheme is also predicted to increase by four times to 10,758 kilometers in the upcoming year.

    Iran has been slowly enhancing crude oil output to prepare for a robust comeback into the international market as the discussions with the global forces on the nuclear agreement indicate signals of development.

    MENAFN12012022000045013568ID1103525312

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