Tag Archives: International News Agency

Iran wants not only to upgrade its dilapidated refineries but also build new ones.

13 new oil and gas fields have been discovered which contain 6.5 billion barrels of oil and about 62 trillion cubic feet of gas.

New drilling operations at old oil and gas fields have led to new discoveries.

Iran has made inroads in its oil and gas exploration sector with discoveries of 13 oil and gas reservoirs over the past three years.

Iran and Russia expect 5 economic events to take place in Tehran by March 20.

The new model of oil contracts has been shelved after ratification. and no contract has been signed under these new models.

Brent crude was 45 cents higher at $56.04 a barrel by 0950 GMT. U.S. light crude oil was up 35 cents at $53.28.

Two wastewater treatment plants were launched northeast of Tehran last week.

Iran currently draws 480 mcm d of gas from South Pars which it shares with Qatar.

The company is expected to launch the platform of Phase 22 of the gas field which is shared by Iran and Qatar by June.