Tag Archives: Development

The official expounded that the recovery factor in the two joint fields is intended to climb from the current 5.5 or 6 to approximately 20 per cent.

The 13th Iran-Russia Joint Commission session started since Sunday and will end on Tuesday with conclusion of several cooperation documents.

Manouchehri estimated that the first tender to develop South Azadegan oil field will be invited in the first quarter of 2017.

Daewoo Shipbuilding said the deal will help it make inroads into Iran'.s shipbuilding market. and export related equipment.

The facility is now receiving 500 million cubic feet more gas from the offshore platforms of the phases.

Russia'.s Lukoil and Malaysia'.s oil giant Pertamina are also conducting surveys on AbTeymour and Mansouri Oilfields.

Following implementation of JCPOA and lifting the sanctions last January. the international oil executives have started negotiations with Iran to partake in the oil industry.

Development activities are underway in a number of fields including Salman Nafti and Forouzan and preparatory works to increase output in the fields of Doroud and Abuzar.

Many entrepreneurs and Iranians residing abroad are interested and ready to invest in the Islamic Iran.

Iran has an abundance of natural resources. the world'.s second largest natural gas reserves and fourth largest oil reserves.