The first oil well in the Mid­dle East was drilled in Iran in 1908

DEMM Engineering & Manufacturing - - OIL & GAS -

The Is­lamic Repub­lic of Iran is on a mis­sion to heighten its po­si­tion in the global en­ergy arena now that the coun­try has ne­go­ti­ated a deal with the United Na­tions Se­cu­rity Coun­cil to limit Iran’s nu­clear ca­pa­bil­i­ties in ex­change for end­ing in­ter­na­tional eco­nomic sanc­tions.

The Iran Oil and Gas Sum­mit will be held in Tehran Jan 25-26 and ma­jor top­ics in­clud­ing crude streams and oil fields, non-crude liq­uids pro­duc­tion, up­stream projects, oil ter­mi­nals and re­finer­ies, and on­go­ing de­vel­op­ment and ex­plo­ration projects.

An­other two-day event in Lon­don – Iran Oil & Gas Post Sanc­tions: Preparing for a New Era (Feb 22-24) – is the of­fi­cial in­ter­na­tional launch of the coun­try’s post sanc­tions oil & gas op­por­tu­ni­ties and has been or­gan­ised with direct sup­port from the Min­istry of Petroleum and NIOC. New terms and new projects will be on the agenda. March 1-3 the Repub­lic will have its An­nual Iran Oil, Gas & En­ergy Week, its third event and re­port­edly it’s big­gest so far.

Iran facts: • World’s 2nd largest nat­u­ral gas re­serves. • 1.3M daily crude oil ex­ports. • 1.8m daily re­fined prod­ucts consumption. • World’s 3rd largest dry nat­u­ral gas pro­ducer. • 3.1M crude oil pro­duc­tion. • 157.3BBL crude oil proved re­serves. • 330,800BBL daily re­fined petroleum prod­ucts

ex­ports. • World’s 4th largest proved crude oil re­serve. • USD407B GDP. • 1.7M daily re­fined prod­ucts pro­duc­tion. • 166.6B M3 an­nual nat­u­ral gas pro­duc­tion.

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