Tag Archives: Offshore

Oil will trade at $55 to $60 a barrel this year and Kuwait is assuming a $45 price in its budget for fiscal year 2017-18.

The country reluctantly agreed in November to an OPEC deal to cut production in a collective effort to try and boost oil prices.

Petropars Limited and Petropars Iran are responsible for onshore installations and drilling operations.

NIOC says a second list of qualified companies will be made available soon.

The NIDC owns 75 light. heavy and ultra-heavy onshore and offshore drilling rigs.

Shell and Total have signed agreements to invest in gas resources offshore Iran.

The world’s second biggest gas field. Galkynysh. is located in the eastern part of Turkmenistan.

The ISOICO is the only shipbuilding company in the region which builds and repairs ships at different scales.

The research institute has played a key role in the production and export of science and technology in oil.

Iran'.s oil and gas condensates tanker traffic in the Persian Gulf terminals has risen by 50% compared to last year.