Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

The country’s heavy oil price was reported $38.96 on average since the beginning of 2016 until December 23.

Implementation of research project to identify gas shales has begun in Lorestan province and the Zagros basin.

Natural gas makes up 68% of the energy mix in Iran.

Major European companies including Royal Dutch Shell. BP. Total and Eni resumed buying Iran'.s crude oil last year as Iran ramped up oil sales to its traditional customers in Asia.

The official expounded that the recovery factor in the two joint fields is intended to climb from the current 5.5 or 6 to approximately 20 per cent.

Manouchehri estimated that the first tender to develop South Azadegan oil field will be invited in the first quarter of 2017.

Reuters reported. A two-rig rise in the oil rig count in the United States. the ninth weekly increase in a row. as reported by oilfield services provider Baker Hughes Inc. added to bearish sentiments.

Development activities are underway in a number of fields including Salman Nafti and Forouzan and preparatory works to increase output in the fields of Doroud and Abuzar.

India topped China'.s imports for a third straight month as its imports from Iran grew more than four-fold from a year earlier to 620.000 bpd.