Tag Archives: Development

New move to enable the company to leverage its strengths and reinforce its competitiveness.

Iranian oil ministry is preparing to hold a tender for the development of Azadegan oil field over the current year.

Iran prefers exporting liquefied natural gas (LNG) to distant markets including the EU. but no agreement has been reached so far for construction of the plants for the purpose.

Iran has the potential to continue producing oil for at least a century.

Kazemi was designated as an adviser to the oil minister after four years at the helm of the state-owned company.

With oil demand at about 1.2 million bpd and production at about 800.000 bpd. investors in Indonesia’s oil and gas sector will have a big supply gap to fill.

Iran is growing its production. as it was allowed to pump an additional 90.000 bpd based on its October production level under the OPEC cut deal.

The investment includes $5.8 billion for developing Farzad B and another $5 billion to build a facility to liquefy the gas and export it as liquefied natural gas (LNG).

Tehran is looking to increase its crude output. and with 37 billion barrels of oil. the Azadegan field is Iran’s largest. shared with neighboring Iraq.

A German-Iranian company started construction of a new solar power plant in Meybod region located at central province of Yazd.