Tag Archives: Iran

Production is expected to exceed 50 million tons in the present fiscal that ends on March 20.

Iran’s light crude oil price rose by $1.24 in the mentioned period registering a record rise among other producing countries.

Phase 19 of Iran’s South Pars Gas Field has so far produced nearly 5.5 billion cubic meters of natural gas.

Kish gas field is located off Kish Island in the Persian Gulf.

An Iranian company has also voiced interest to fund the development of Kish gas field.

Iran is looking to raise production capacity from joint fields with Iraq by more than 10%.

Siemens has made notable headways in cooperation with Iran after international economic sanctions were eased last year.

Tokyo is going to continue its assistance of up to 40 billion Japanese Yen annually for the next four years starting in 2017.

According to Pertamina'.s proposal. the number of oil wells in Abteymour field will increase from the current 50 to 257.

The first FPSO is still en route to its operational location where it will become installed.