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India’s plan to merge some state-held oil enterprises could reduce inefficiencies in the sector.
Read More »India Plans Next Merger On Road to Creating Oil Giant
Schlumberger. Halliburton Lose ONGC Deals
Oilfield services providers would be expected to invest in the fields in exchange for payment for every barrel of oil or Btu produced over an established baseline. the report added.
Read More »India Gives Iran $11 Billion `Best Offer` on Farzad-B Gas Field
ONGC Videsh and Indian Oil each own 40 percent interest in the Farsi block that holds Farzad-B field. while Oil India has 20 percent.
Read More »Hindustan Petroleum Corporation Joins Talks to Buy Stake in Russian Oil Fields
In 2013. Vankorneft was chosen as an operator on development of new fields of Vankor Cluster located close to the Vankor field.
Read More »BP Keeps Azerbaijan’s Proved Oil Reserve Estimates Unchanged
Oil production in Azerbaijan stood at 826.000 barrels per day. or 1.6 percent less than in 2015. according to the report.
Read More »India Eyes Investment in Iran`s Farzad B Gas Field
Farzad B was discovered by OVL in the Farsi block about 10 years ago.
Read More »Iran Sets New Terms for Gas Field Award
Farzad-B was discovered by OVL in the Farsi block about 10 years ago.
Read More »Iranian. Malaysian Oil Firms Sign Cooperation Deal
Iranol and Petronas will boost their cooperation on engine oil and industrial lubricants production.
Read More »Oil Majors Present Development Plans for Iranian Oil Projects
Azadegan'.s in-place oil is estimated at 33.2 billion barrels.
Read More »India to Cut Iranian Oil Purchases in Row Over Gas Field
Under sanctions. Iran was banned from the global financial system. preventing the field'.s development.
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