South Azadegan is believed to hold an in-place oil reserve of about 33.2 billion barrels.
Read More »EU Hopes to Negotiate with Russia over Nord Stream 2
Russian state gas exporter Gazprom is keen for Nord Stream 2 to be built by 2019.
Read More »Rosneft. Eni and CNPC Aim to Join Eurasia Project
Eurasia project involves the exploration of deep laying horizons of the Caspian Basin.
Read More »OPEC Members Greet Rouhani Victory in Election
OPEC and non-OPEC countries agreed to extend production cuts for nine months.
Read More »Iran Needs to Develop Gas Projects
Currently. Iran has agreements with Iraq and Oman to supply 28 bcm y of gas.
Read More »Shell Will Test Energy-Generating Kites This Summer
Power-generating kites backed by Royal Dutch Shell Plc. Schlumberger Ltd. and EON SE will start tests in the U.K. this summer. with the aim of developing a technology that could eventually replace offshore wind turbines. Kite Power Systems. known as KPS. is working on a 17-meter device that flies on …
Read More »Use of Ka-62 Helicopter for Arctic Projects
Russia’s Industry and Trade Ministry plans to sell 365 cutting-edge Ka-62 helicopters by 2030.
Read More »17th International Industry Exhibition
Tehran Int.l. Industry Exhibition T.I.I.E
Read More »14 Oil. Gas Fields Discovered in Iran in 4 Years
As of 2013 nine gas fields were discovered with total in-place reserves of 1.7 trillion cubic meters.
Read More »Saudi Energy Minister Confident Oil Output Deal Will Work
Late last year. the 24 countries. including the OPEC and Russia. agreed to cut production by 1.8 million barrels per day in order to reduce global oil inventories.
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