Tag Archives: Iran

Oil ministry is in talks with oil and gas giants for $70 billion worth of development projects.

Iran'.s oil refining and distribution sector hit the trail of progress in the post-sanction setting.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

Lukoil is in talks with Iran'.s petroleum ministry and the National Iranian Oil Company (NIOC) for joining projects in the country.

NIDC owns 75 offshore and land drilling rigs and is touted as the Middle East'.s biggest drilling company.

Given RIPI'.s long history in cooperation with international companies. it is capable of offering quality services with low costs to them.

Iran'.s oil production capacity has crossed 4 million barrels per day.

The administration has kept strong focus on developing joint oilfields.

Amano is to deliver a 25-minute speech and expects to take questions from reporters.

Over 2.500 Iranian and 1.500 foreign companies from 37 countries are participating in the event.