Tag Archives: East Asia

Major European companies including Royal Dutch Shell. BP. Total and Eni resumed buying Iran'.s crude oil last year as Iran ramped up oil sales to its traditional customers in Asia.

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.

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

Since its first contract with Iran in 1975. Daelim has carried out more than two dozen construction projects there worth a total of $4.55 billion.

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

License and authorization have been issued and the South Korean company executives are involved in stage of carrying out the project.

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

Foreign capital have increased solar projects in the province.

Oil and gas development in Iran is attractive to foreign companies because of the relatively lower costs of oil and gas production/exploration in the country.

India topped China'.s imports for a third straight month as its imports from Iran grew more than four-fold from a year earlier to 620.000 bpd.