Oil

The aim of development South Yaran field is production of 50.000 to 60.000 barrels of oil and 60 million cubic feet of gas a day.

BP is taking a more cautious approach ahead of a Donald Trump presidency which threatens renewed diplomatic tensions with Tehran.

Iran Petroleum Industry Federation was established on 26th of April 2016. by different sectors active in Iran oil industry.

NIOC is to run several rounds of tender for a group of Iranian oil and gas E&.P projects.

BP had opted out of the bidding because of concerns over possible renewed US-Iran tensions after president-elect Donald Trump takes office on Jan. 20.

A 10-percent share of the country’s diesel sales income. around $7.5 billion. will be earmarked for the railways sector

Transferring Iranian gas to Iraq is another subject which will be covered in the upcoming visit.

The country’s heavy oil price was reported $38.96 on average since the beginning of 2016 until December 23.

Yaran field is divided into North and South Yaran. having the capacity of two billion barrels of in-place oil reserves.

Iran'.s non-oil exports showed over 9 percent rise as compared with the last year'.s corresponding period.