Tag Archives: National Iranian Oil Co. (NIOC)

Iran has been producing around 3.8 million bpd of oil in recent months.

Oil exports are expected to reach up to 2.5 million bpd within five years.

The first preliminary agreement calls for constructing two polyethylene units plus an ethane cracker unit to convert ethane to ethylene.

Based on the agreement signed on Wednesday. Sofregaz will cooperate with Iran'.s Samin Sazeh over the project.

Iran for exporting its oil to Americas needs to carry out further studies.

The cooperation of non-OPEC countries. in particular Russia. is good in the deal to reduce oil supply.

Lukoil and Indonesia’s Pertamina individually proposed plans to develop the Bangestan reservoir of the Mansouri oil field southeast of Ahwaz.

The projct takes two years to be implemented. and and it needs six months to be handed over to the Iranian experts.

There is intense competition across the world to attract foreign investment. but the assets are limited while competition for absorbing them is high.

In July. NIOC signed an MoU with Japan’s engineering group Toyo to revamp facilities and upgrade recovery at the Salman gas field in the Persian Gulf.