The average rate of recovery from Iranian oilfields is expected to reach 40% from around 25%.
Read More »Iran Exports 2 m b of South Pars Oil to East Asia
South Pars. a supergiant gas field Iran shares with Qatar in Persian Gulf waters. is estimated to contain over 14 billion barrels of oil in its oil layer.
Read More »Indonesia Develop 2 Oilfields in Iran
Pertamina is an Indonesian state-owned oil and natural gas corporation based in Jakarta.
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 »Parliament Hands Zangeneh a Vote of Confidence
His latest efforts to woo investors bore fruit when Total signed a contract on July 3. to develop South Pars.
Read More »Inpex Eyes Bid for Iran’s Azadegan Oil Project
NIOC will soon provide all necessary data about the Azadegan oil field to interested firms.
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.
Read More »Tavanir Urges Prudent Power Consumption
Tavanir has managed to curb power consumption in peaks hours by 4.000 megawatts in the last two months by adopting measures.
Read More »NISOC Aims 20% Rise in Recovery Rate
The latest government data indicate total proven crude oil reserves are close to 160 billion barrels. of which 16 billion barrels are in the Persian Gulf.
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