Tag Archives: OMV

South Azadegan is believed to hold an in-place oil reserve of about 33.2 billion barrels.

As of 2013 nine gas fields were discovered with total in-place reserves of 1.7 trillion cubic meters.

Iran has named 29 companies from more than a dozen countries as being eligible to bid for oil and gas projects.

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.