The natural gas extracted from the drilling will be equal to 1.5 times the 50 billion cubic metres of gas Turkey imports annually.
Read More »Iran Rises Oil Exports to South Korea by over 26% in July
In July. Iran exported 2.2 million bpd of oil to Asian and European markets. with its exports to Asia up by 100.000 bpd.
Read More »OPEC Oil Price Decrease
The price for September futures of West Texas Intermediate (WTI) grew by 0.02 percent and stood at $48.83 per barrel.
Read More »Increase of Iran`s Oil Export to India
Iran’s total oil production currently stands at around 4 million bpd and its most important clients are China. South Korea. India and Japan. respectively.
Read More »Norway`s DNO Close to Changouleh Oil Field Deal
Changouleh is located close to Iran’s border with Iraq and is among NIOC’s priority development projects.
Read More »Oil Ministry Certified Six More Domestic Firms for Oil Projects
Officials say the partnership of domestic companies with oil majors will gradually enhance the technical and managerial know-how of Iranian firms.
Read More »Norway Proposes Survey Results for Iran Oil Field
NIOC and DNO signed memorandum of understanding (MoU) on November 17. 2016 for a survey on Changoleh oil field.
Read More »22 Countries of OPEC Deal Produce 470.000 b d in Excess
OPEC crude output rose by 230.000 b d in July to a 2017 high of 32.84 million b d. led by a strong recovery in Libya. according to IEA estimates.
Read More »IEA Expects Non-OPEC Output to Expand
The US output is forecast to rise by 0.6 million b d and 1 million b d in 2017 and 2018. respectively. according to the report.
Read More »Neka Port Gets First Oil Swap Cargo in 7 Years
The company moved about 80 percent of the crude it pumps from its 44.000-45.000 barrels per day field through the swap deal.
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