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Iran’s petroleum industry has accelerated its development after dealing with tough conditions of sanctions over a decade and going into ups and downs.

A total of 15 petrochemical plants are affiliated with the Persian Gulf Petrochemical Industries Company (PGPIC).

South Azadegan is estimated to hold 25.6 billion barrels of oil in place.

Petrobras has a lot of oil and lot of areas to exploit. but it doesn’t have enough funds to prospect all these areas.

Offshore aviation transportation companies Bristow Group and Era Group announced that they entered into a definitive agreement to combine the two companies.

U.S. oil production from tight formations increased in 2019. accounting for 64% of total U.S. crude oil production.

The South Pars gas condensate storage and metering project manager announced the increase in storage capacity of gas condensate in the field to 3.5 million barrels.

National Iranian Drilling Company has announced it successfully drilled over 132.000 meters of oil and gas wells over the course of the past 10 months.

The development activities of the company in the joint fields of West Karoon and South Pars are seriously being pursued and their results are evident.

The funding from IFC will enable VPBank to expand its lending to small and medium businesses and boost financing for projects that help reduce carbon emissions.