Oil

In 2012. Iran discovered a new oil layer with in-place reserves of two billion barrels in Sardar-e-Jangal oil and gas field.

During the second half of 2016. BP Iran Limited leased and refurbished an office in Tehran.

Production capacity in the West Karoun oilfields is set to reach 500.000 barrels per day by July from the present 300.000 bpd.

The IPC has more flexible terms that take into account oil price fluctuations and investment risks.

Everyone concerned about Iran and the Islamic establishment must step in the path of Economic Resilience.

Iran has already become an exporter of gasoil and will become one in petrol trade in the current year.

Iran'.s crude oil edged closer to $50 a barrel at the end of last month.

BP currently intends to continue to hold its ownership stake in the Rhum joint arrangement and act as operator.

Total has submitted a development proposal for the project.

. Iran is now producing 3.9 million bpd of crude oil and gas condensates.