Tag Archives: Ali Kardor

The Caspian region is one of the oldest oil-producing areas in the world and is an increasingly important source of global energy production.

Iran holds the world'.s second largest gas reserves after Russia. but currently consumes almost all the gas it produces.

The Azadegan field has oil-in-situ reserves of about 33.2 billion barrels and recoverable resources are estimated at about 5.2 billion barrels.

South Azadegan is believed to hold an in-place oil reserve of about 33.2 billion barrels.

In 1999. Iran made the same move to domestically manufacture gas turbines for consumption in its gas industry.

The giant South Azadegan Oilfield near the Iraqi border has been singled out as the first field to be tendered under the new terms.

The sanctions removal in January 2016 revived the incapacitated oil sector.

Iran'.s oil production capacity has crossed 4 million barrels per day.

The NIOC has increased exports to European customers to 700.000 barrels per day.

Linde executives point out that European banks are still cautious about doing business with Iran.