The average rate of recovery from Iranian oilfields is expected to reach 40% from around 25%.
Read More »China. Saudi Arabia Agree to Strengthen Economic Ties
China supports Saudi Arabia to diversify its economy.
Read More »SOCAR Launches Platform at Azerbaijani Offshore Field
In 2016. SOCAR produced 7.52 million tons of oil from Azerbaijan’s offshore and onshore fields. as compared to 8.16 million tons in 2015.
Read More »Barkindo Congratulate Zanganeh’s Reappointment
Zanganeh is specifically credited at home for what many see as his success in increasing Iran’s oil and gas production capacity.
Read More »Iran Parliament Clears Oil. Foreign Ministers for Rouhani`s New Cabinet
Oil Minister Bijan Zanganeh has been credited with the boost in Iran'.s crude output since many global sanctions were lifted last year.
Read More »Capacity of Bulgaria’s Transit Gas Pipeline to Turkey to Increase in 2018
The project is in line with the Bulgarian government’s efforts to diversify the current gas delivery routes and sources.
Read More »China’s CEFC in talks to acquire stake in Rosneft
CEFC would be the first privately held Chinese firm to invest in a major oil giant.
Read More »US Sanctions Will Not Affect Construction of Turkish Stream. Akkuyu NPP
Akkuyu NPP is expected to be launched by 2023. Donmez said.
Read More »Russia Claims to Have Invented Alternative to Fracking
The project partners plan to begin the first tests at operational wells of one of Rosneft’s subsidiaries in September. according to the University of Tyumen.
Read More »Iran May Start Oil Supplies to Russia Within Month
Moscow and Tehran may shortly agree upon conditions for sale of 100.000 oil barrels per day.
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