Tag Archives: National Iranian Oil Co. (NIOC)

Besides the aforementioned oil firms. Schlumberger has also signed an agreement to survey ‎the oilfield.

The field is estimated to contain a significant amount of natural gas.

More than 75 percent of the equipment for developing the output is Iranian.

The European Union sent a letter to the US Treasury on June 4 asking for exemptions from sanctions.

Iraq has formed a joint venture with a shipping company owned by Arab states to transfer. store and trade crude and oil products.

Iran’s crude oil exports hit 2.7 million bpd in May. higher than its average volumes over the past year.

The average price of Iranian oil since the beginning of the current year has been 67.41 dollars per barrel.

Over last year (1396) Iran exported 2.115 million barrels a day crude oil on an average basis.

Iran exported 2.4 MMbbl d of crude oil in May. SHANA reported. and 300.000 bbl d of natural gas condensate.

Indian refiners have recently expressed willingness to maintain oil imports from Iran.