OPEC and its partners are due to meet next month in Vienna.

Multiphase pumping is becoming increasingly used by operators around the world as a tool for more economical and environmental friendly oil and gas transport.

The newly-discovered oilfield in Khuzesan was named Namavaran. adding the field had an oil in place estimate of 53 billion barrels.

Iranian drillers have spudded the first and deepest directional well in Kazhdomi structure of South Azadegan Oilfield.

Global oil demand may peak within the next 20 years.

The project has an estimated price tag of JPY300 billion (US$2.75 billion).

ey Oil Refining Company. a leading global producer and exporter of bitumen based in Iran. announced that its exports are still going on despite all pressures from the US. adding that it has exported $650 million worth of bitumen in the past 7 months.

Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from November 17.

Iran says this new unit will be built according to high safety standards.