Tag Archives: Facilities

Decommissioning oil and gas infrastructure now represents nearly a tenth of the oil and gas industry’s overall expenditure and will cost around £15.2 billion over the next decade.

Once operational. the plant will lift Abu Dhabi’s solar power capacity to around 3.2 GW.

Recently. POGC installed two platforms in the gas field which belong to the Phase 22-24 project.

Iran is currently producing 630 mcm d of gas from the joint offshore field.

Government'.s full control over the foreign exchange market. and expressed hope that reduction of inflation rate would continue in the next few months.

Iran’s national currency of the rial has regained ground after 4 days of fall which was triggered by the government’s decision to increase the price of subsidized gas by 50% and unsubsidized gas by 300% in the country.

Iranian President Hassan Rouhani will inaugurate a new railroad connecting the northwestern cities of Mianeh and Bostan Abad. which will shorten the International North-South Transport Corridor (INSTC).

The recent minor loss of the national currency of rial’s value against foreign exchange is a minor fluctuation of no concern. advising the masses not to take the market of foreign currencies as an investment opportunity.

Some traders expect the agreed cuts of 1.2 million barrels a day to be increased.

ey Oil Refining Company. a leading global producer and exporter of bitumen based in Iran. announced that its exports are still going on despite all pressures from the US. adding that it has exported $650 million worth of bitumen in the past 7 months.