Tag Archives: Oil Production

Oil shipments from Iran reached a daily average of 2.6 million barrels in fiscal 2016-17.

Iran has planned to issue tenders on 49 oil and gas fields based on newly designed agreements.

Russia will continue participating in the OPEC deal on oil production limiting despite dissatisfaction with the current prices level.

Production capacity in the West Karoun oilfields is set to reach 500.000 barrels per day by July from the present 300.000 bpd.

The IPC has more flexible terms that take into account oil price fluctuations and investment risks.

Iran'.s crude oil edged closer to $50 a barrel at the end of last month.

Libya'.s gain means oil market pain.

Iran'.s current oil production stands close to 3.8 million barrels per day.

Iraq and Iran are the countries where oil production is expected to see the highest growth over the next decade.

Iraq is committed to cut national crude oil production in line with OPEC'.s agreement .