Tag Archives: Lukoil

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

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

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

Present volume of Iran’s crude output stands at 3.8 million barrels according to secondary sources.

Iran needs foreign investment for repairs and upgrading of its oil and gas fields.

Linde executives point out that European banks are still cautious about doing business with Iran.

Azadegan'.s in-place oil is estimated at 33.2 billion barrels.

Total has submitted a development proposal for the project.

The Russian business interest in Iran significantly grew in 2016.

Analysts and experts are now mostly predicting that oil prices will remain below $60 this year.