Tag Archives: National Iranian Oil Co. (NIOC)

Iran had asked international companies to bid for the second phase of development of Yadavaran and North Azadegan oilfields last year.

Any investments would be favored by oil ministry.

Southern Zagros Oil and Gas Operation Company is a subsidiary company of the National Iranian South Oilfields Company.

Iranian manufacturers will provide the pipes for building the pipeline.

Venezuela'.s economy has been reeling under pressure of the US sanctions. falling oil revenue and the plunging value of its currency. the bolivar.

Russia is the world'.s second-largest LNG exporter. while South Korea is the world'.s No. 2 LNG importer.

The freight discount offered by Iran will translate to a discount of up to $1 a barrel. one of the sources told Reuters.

Both sides agreed to enhance cooperation in curbing terrorism.

Production of all west Karoun oilfields which was 70.000 barrels a day reached over 300.000 barrels.

South Korea. the world'.s fifth-biggest crude oil importer. mainly buys condensate.