Oil

Statoil stepped up exploration efforts this year. focusing on the Barents Sea.

Emirates National Oil Company has paid dues as part of its debts owed to Iran for pre-sanction oil and gas purchases.

The pain for OPEC will increase to such a point that 100% compliance is unrealistic.

Iran has so far signed memoranda of understanding (MoUs) with four Russian companies for developing its oil and gas fields.

Iran boosted its crude exports to South Korea by 104.5 percent in January. February and March.

The conference. timed to the exhibition. will be attended by over 400 delegates from 30 countries.

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.

NIDC has held constructive talks with Italian firms to restart cooperation in oil and gas drilling projects.

The 8th Conference of Rotating Equipment in Oil and Power Industries