Oil

Iran’s South Zagros Oil and Gas Production Company (SZOGPC) has indigenized construction of borehole imagers which was previously monopolized by a few foreign companies.

According to the NIDC. the company’s director for consolidated planning said that it had carried out 99.349 meters of drilling operations during the period.

India has already outlined plans to sell some state-owned companies to local or foreign investors by March 2020.

Kuwait is currently the fourth-largest oil producer in OPEC.

US shale output is expected to reach 16.9 million bpd in 2024.

OTC had so far been awarded €3.6 billion in projects which had been fully delivered.

Iranian Minister of Petroleum Bijan Zangeneh said that the best support for domestic companies and manufacturers was to provide them with a job market. adding. We need investment to create jobs.

The increase in the oil and gas reserves in the UAE makes the OPEC Middle Eastern producer 6th in both oil and gas reserves in the world.

Saudi Arabia on Sunday finally kicked off Aramco’s long-delayed IPO.

Iran expects further production cuts to be agreed at the next meeting of OPEC in December.