.NIOC has approved 11 domestic corporations for partnership with internationals in future oil and gas projects
Read More »New Discoveries Put Iran In-Situ Oil Reserves up 15 Billion Barrels
Iran is estimated to be stilling atop 711.53 billion barrels of in-place oil reserves of which 102.33 billion barrels are recoverablle
Read More »More Work Is Needed to Fulfill OPEC Deal
.OPEC’s agreement lasts for six months. with the goal of shrinking bloated oil inventories that are keeping a lid on prices
Read More »National Iranian Oil Co.: Foreign Firms Owe $4.8b
.Iran'.s gas production has soared to 840 million cubic meters per day from a total of 490 mcm/d in mid-2013
Read More »Oil to Remain Well Bid for More as All Eyes Are on Iran-US Impasse
.Oil has gained 16 per cent since the oil producers decided to cut production to prop-up prices
Read More »Iran Proven Oil Reserves beyond 711bb as of 2016
.Iran has so far pumped 72.95 billion barrels of crude oil from its reserves with an average recovery rate of 24.65%
Read More »Iraq’s Crude Oil Exports Drop in January from Record High
Iraq was close to implementing its share of the agreed production cuts and would be in full compliance by the end of the month
Read More »NIOC. Pasargad Energy Co. Sign Oilfield Study Agreement
.Pasargad will have six months to complete its studies and submit a development plan
Read More »Azerbaijani Oil Prices for Jan. 30 – Feb. 3
.Azerbaijan sells the oil supplied via the Baku-Novorossiysk pipeline through Russia’s Novorossiysk port
Read More »Iran to Hold Tender for Oil. Natural Gas Fields in Mid-February
.Iran will launch new contracts to develop oil and natural gas fields in mid-February
Read More »