Tag Archives: Oil Production

Injecting gas into oil fields had a central role in Iran’s plans to increase its oil production.

Within OPEC. Saudi Arabia has shouldered the burden of the production cuts. offsetting poorer compliance by other nations.

Iran is firm in its self-proclaimed mission to reach pre-sanction levels of oil output and exports.

Azer is a joint field betüeen Iran Iraq. with 2.5 billion barrels of in-situ reserves and 16 percent recovery rate.

US crude is on track for a drop of more than 7% this week. its biggest weekly fall for five months.

US crude stocks rose by 11.6 million barrels last week.

Iran’s light crude oil price rose by $1.24 in the mentioned period registering a record rise among other producing countries.

Kish gas field is located off Kish Island in the Persian Gulf.

The refinery is currently supplying 25 per cent of the country’s gasoline demand.

Tokyo is going to continue its assistance of up to 40 billion Japanese Yen annually for the next four years starting in 2017.