Oil

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.

Natural gas makes up 68% of the energy mix in Iran.

Iraq is already recovering 200 thousand barrels per day from South Yaran field which the two neighbors share.