Tag Archives: Bijan Namdar Zangeneh

A sharp drop in aviation and transport demand has sent prices down by a third since January.

oil producers at OPEC had uniformly proposed a major cut in the group’s crude oil output, but waited for non-OPEC allies.

The rig’s maximum drilling depth is reported to be 20.000 feet. and the structure is able to tolerate a maximum static load of one million pounds.

Iran has kept developing its sprawling oil and gas fields despite facing a harsh regime of American sanctions.

According to the latest report of OPEC. Iran produced 2.086 million barrels of crude oil per day in the first month of 2020.

Last year. Iran eyed 300.000 barrels per day oil production from its West Karoun oilfields.

OPEC producers in OPEC+ are currently discussing whether to meet earlier than their scheduled gathering in Vienna on March 5-6.

It covers an area of 9.700 square kilometers. of which 3.700 square kilometers belongs to Iran.

Iran’s gas exports to Iraq continued uninterrupted.

Oil market is under pressure.