A large volume of high quality oil can be extracted from the shale.
Read More »China Opens $1.3b Credit Line for Iranian Refinery
The funding is part of a $3-billion deal with China'.s Sinopec on renovating the Abadan refinery
Read More »NIORDC to Expand Cooperation with East Asian Firms
Japanese engineering giant JGC Corporation is in advanced negotiations to upgrade the Tehran refinery.
Read More »Iran Signs $2b Deal with Daelim
Daelim is one of the largest companies in South Korea.
Read More »South Korea`s Daelim Wins Deal to Develop Iran`s Oil Refinery
Since its first contract with Iran in 1975. Daelim has carried out more than two dozen construction projects there worth a total of $4.55 billion.
Read More »NIOC`s Cooperation with South Korea`s Daelim
Iran has an abundance of natural resources. the world'.s second largest natural gas reserves and fourth largest oil reserves.
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