Oil

The purpose of signing these contracts is to solve the problems of the fields considered in the deals and enhancing their recovery factor.

National Iranian Drilling Company has announced it successfully drilled over 132.000 meters of oil and gas wells over the course of the past 10 months.

The development activities of the company in the joint fields of West Karoon and South Pars are seriously being pursued and their results are evident.

Brazil. which became a net oil exporter last year. wants to expand its footprint in global energy markets without joining OPEC.

The number one source of emissions by far is the coal fire power plants.

The drilled wells consisted of two exploration wells and 35 development appraisal wells as well as 59 workover ones.

A member of the Iranian Oil Industry Equipment Manufacturers Association said the country was self-sufficient in production of wellhead valves.

The share of Iranian manufacturers and craftsmen in the supply of oil industry equipment has reached 85%.

Well #44 of Parsi Oilfield was commissioned and operated using gas lift technique which has increased the field'.s oil output by 1.000 b d.