Oil

Iran shares a number of oil and gas fields with its Arab neighbors in west and southwest.

The company was also ready to consider the options of its participation in other consortiums regarding the development of Iranian oil fields.

The purchase plan was aimed at guaranteeing long-term oil exports to the country.

Iran has launched talks with France’s Total over making technical amendments to platform building yard of Bandar Abbas.

Before the [nuclear agreement] we struggled to export one million barrels per day.

Russia'.s production would need to fall by a further 100.000 bpd in March in order to comply with the agreement.

Tatneft had signed a memorandum of understanding in October to study the Dehloran oilfield in western Iran.

Iran’s light crude oil price rose by $1.24 in the mentioned period registering a record rise among other producing countries.

Iran is looking to raise production capacity from joint fields with Iraq by more than 10%.

Iran is making rapid forays into the European crude oil market.