The Azadegan field has oil-in-situ reserves of about 33.2 billion barrels and recoverable resources are estimated at about 5.2 billion barrels.
Read More »Iran Discovers New Oil Block
NIDC has held constructive talks with Italian firms to restart cooperation in oil and gas drilling projects.
Read More »Conference of Rotating Equipment in Oil & Power Industries
The 8th Conference of Rotating Equipment in Oil and Power Industries
Read More »OPEC`s Decision May Support Oil Prices within $50-55
Non-shale non-OPEC production. which has been resilient so far. is likely to require material reinvestment in new and existing projects over the coming years.
Read More »Iraq May Consider Avoid Crude Production
SOMO and Russia'.s Litasco have set up a joint trading company in Dubai to market crude.
Read More »Iran`s Tender for Azadegan Project ‘Within Days’
South Azadegan is believed to hold an in-place oil reserve of about 33.2 billion barrels.
Read More »Oil Price Rises but Ends Week Lower
Trading was light after Thursday'.s heavy sell-off and ahead of the long weekend break in the United States and Britain.
Read More »Pouyanne: OPEC Cut Decision Gives Visibility Until At Least 2018
The decision by oil producing countries to extend production cuts agreement by nine months gives the market much needed visibility.
Read More »Russia`s Novak Can Do More for Oil after OPEC Failure
Russia maintains its oil-price outlook at $50 to $60 on average for this year.
Read More »Rosneft. Eni and CNPC Aim to Join Eurasia Project
Eurasia project involves the exploration of deep laying horizons of the Caspian Basin.
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