Iran and Russia can take advantage of the opportunity provided by Western sanctions against the two countries.

SOCAR uses Guneshli’s export revenue to subsidize the company’s less profitable onshore fields.

In March. Iran loaded around 2.6 million bpd a day of both crude and condensate.

Italy welcomes Iran’s proposal for cooperation on building solar and wind farms.

Crude oil output from Azar field will reach 30.000 barrels per day in four weeks from the present 15.000 bpd.

More than 100 foreign executives. traders and petrochemical producers are attending the 13th international Iran Petrochemical Forum .

Iran attaches importance to progress. development. security and stability of Kyrgyzstan.

An Italian company has built the equipment for Iran’s first geothermal power house which will be installed soon.

Based on the document. GIC will have 6 months to hand in the result of its studies over the fields to NIOC.