The U.S. buys about a third of Venezuela’s crude production and is the main buyer that pays in cash.
Read More »Russia Eager to Help Develop Iran`s Oilfields
With 137.6 billion barrels of proven reserves. Iran has the world’s fourth largest crude deposits.
Read More »Foreign Finance to Help Uplift Refining Sector
Iran'.s oldest crude oil processing facility and once the world'.s largest oil refinery will be reconstructed by a consortium.
Read More »NIOC Signs MoUs for Developing Azadegan Field
The Azar field is a joint and complex field which is currently producing 30.000 barrels of oil per day. It is set to be expanded through new oil deals by an Iranian company.
Read More »Iraqi Oil Minister Heading to Tehran
Iran'.s gas export to Baghdad via Khanaqin pipeline began in late June this year. Iraq and Iran have signed two agreements to transfer gas to Baghdad and Basra.
Read More »Gazprom Neft Signs MOU with Iran`s OIEC
The document was signed by First Deputy CEO. Gazprom Neft. Vadim Yakovlev and OIEC CEO Behzad Mohammadi.
Read More »Iraq to Rise Natural Gas Imports from Iran
Iran and Iraq initially signed an agreement in 2013 based on which the Islamic Republic would export natural gas to power stations around Baghdad through a 270-kilometer pipeline.
Read More »Iranian Judiciary. Oil Ministry Form Committee to Review Gas Deal with Total
The agreement was signed at a ceremony in Tehran attended by Zangeneh. Total’s CEO Patrick Pouyanne and senior officials from China’s CNPC and Iran’s Petropars.
Read More »Chitchian: Withdrawal from Paris Agreement Is not Beneficial for Iran
Implementing voluntary programs based on the Paris Accord will help increase economic competitiveness and reduce national expenditures and pollutants in the country.
Read More »NIDC Drilled about 54 Oil. Gas Wells in 4 Months
The company has performed more than 96.000 meters of drilling operations during the four-month period.
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