Companies

Iraq and Iran are the countries where oil production is expected to see the highest growth over the next decade.

The South Pars Oil Layer is shared with Qatar. where it is known as Al Shaheen.

The nationalization of oil industry is celebrated ever since in Iran every year.

French oil and gas company Total held talks with Iranian officials about several projects in the country in 2016.

The discovery of a huge natural gas deposit in Egyptian waters has boosted hopes of other such finds in the eastern Mediterranean.

The two neighbors share 6 oilfields namely Azar. Dehloran. West Paydar. Naft-Shahr. Azadegan and Yadavaran.

Japanese and South Korean firms have also improved ties with Iranian firms. in recent months.

The field holds 2.5 billion barrels of crude oil and is expected to produce up to 65.000 bpd.

Iran is firm in its self-proclaimed mission to reach pre-sanction levels of oil output and exports.

The market is bearish because sentiment has turned