Tag Archives: National Iranian Oil Co. (NIOC)

Iran and Russia cooperation in the oil field is based on a deal signed between the two sides in 2014.

Iran'.s heavy crude oil price also experienced a $1.02 increase in the said week to settle at $60.49 per barrel.

The Iran-Oman gas pipeline project is expected to connect Iran’s gas reserves with Omani consumers and LNG plants.

Both documents reflect the willingness of the parties to cooperate along the entire production chain.

Oil Show

International trading firms Petredec and Glencore lifted cargoes from Iranian ports in December.

The experts attending the conference highlighted that Turkey and Iran are about to start significant energy cooperation.

European companies resumed purchase of oil cargoes from Iran since implementation of the Joint Comprehensive Plan of Action (JCPOA) in 2015.

The oil can be transferred both to Iran’s northern refineries and the southern export terminals.

Iran has for long been discussing with Oman to produce LNG in its Qalhat liquefaction plant.