Tag Archives: Oil Production

OPEC officials have repeatedly said the group does not target a specific oil price.

Iran will increase its oil exports from the current 450.000 barrels per day to 600.000 barrels per day.

The oil market needed every barrel which cut-exempt Iran. Libya and Nigeria could produce.

Investors raised their bets on rising Brent crude oil prices to a new high last week.

The city of Ahvaz is the capital of the wealthy Khuzestan province. rich in oil and natural gas.

IPC is focused on fields'. development in the long-run.

The first agreement entails the joint development of Parviz Oilfield. which adjoins Iraq'.s Naft Khaneh field and Khorramshahr Oilfield.

SOCAR suggested proposals to Iran on oil swap and this issue is being considered.

Iran said in January its daily output was close to 3.9 million barrels.

Iran'.s crude oil production rose by 50.200 barrels per day in January over the previous month. reaching 3.75 million bpd.