Tag Archives: Persian Gulf Countries

NIDC has 75 drilling rigs. 68 of which are being used in the joint oilfields. namely South Azadegan.

Russia’s Energy Minister Alexander Novak said last week that it is too early to talk about an extension.

Qatar is a small but wealthy member of OPEC that generates most of its income from natural gas rather than crude oil.

The focus is now to re balance the market.

Iran is now ready to export gas to Iraq and Baghdad is also ready to receive the item.

Saudi Aramco officials as a matter of policy do not comment on the kingdom'.s monthly OSPs.

Production from the layer will reach 35.000 barrels per day once its wells are fully operational.

Analysts and experts are now mostly predicting that oil prices will remain below $60 this year.

South Pars is a very advanced project from a technical perspective.

Iran is now major gasoil exporter and will soon turn into exporter of gasoline.