Tag Archives: National Iranian Oil Co. (NIOC)

Kirkuk will take part in the referendum this fall. deciding whether they want to remain with Iraq or join Kurdistan’s bid for independence.

With 137.6 billion barrels of proven reserves. Iran has the world’s fourth largest crude deposits.

Iran'.s gas export to Baghdad via Khanaqin pipeline began in late June this year. Iraq and Iran have signed two agreements to transfer gas to Baghdad and Basra.

Iran and Iraq initially signed an agreement in 2013 based on which the Islamic Republic would export natural gas to power stations around Baghdad through a 270-kilometer pipeline.

The agreement was signed at a ceremony in Tehran attended by Zangeneh. Total’s CEO Patrick Pouyanne and senior officials from China’s CNPC and Iran’s Petropars.

The company has performed more than 96.000 meters of drilling operations during the four-month period.

Instead of making payments to Iran. India used the money for other activities such as making investments of its own.

Fuel prices in Iran are among the cheapest in the world even after the government cancelled offering oil products at subsidized prices in May 2015.

Both Total and Shell have signed a memorandum of understanding (MoU) with Iran on Petrochemical sphere in 2016.

The pipeline will address gas shortages in the Semnan. Golestan. Mazandaran. North Khorasan. Khorasan Razavi. and South Khorasan provinces.