Tag Archives: OMV

The company will allocate $1 billion to expand the fields in the first phase and if required.

Iranol and Petronas will boost their cooperation on engine oil and industrial lubricants production.

The sanctions removal in January 2016 revived the incapacitated oil sector.

Iran has signed MoU with some of big companies to study the joint fields with Iraq.

Present volume of Iran’s crude output stands at 3.8 million barrels according to secondary sources.

Iran needs foreign investment for repairs and upgrading of its oil and gas fields.

Azadegan'.s in-place oil is estimated at 33.2 billion barrels.

BP currently intends to continue to hold its ownership stake in the Rhum joint arrangement and act as operator.

According to Pertamina'.s proposal. the number of oil wells in Abteymour field will increase from the current 50 to 257.

The giant South Azadegan oilfield that is shared with Iraq. will be the first field to be tendered.