Tag Archives: Production

Sanctions promoted corruption in Iran in oil and gas business in order to circumvent sanctions.

Total has a 50.1-percent share in the deal. The state-owned China National Petroleum Corp. has 30-percent stake and Iran’s Petropars has 19.9 percent.

The new pipeline. with a length of 941.8 kilometers. stretches from Mohe at the Russian border to Daqing.

Iran has steadily reconnected with buyers across Europe since sanctions were lifted and NITC expects to play a bigger role.

The operation of the Al Shaheen Field under the new arrangement runs for 25 years. starting on July 14.

Currently. Iran’s oil output stands at 3.8 million barrels per day. despite numerous statements that the country reached its pre-sanction production level of 4 million bpd.

Aminex expects that the Ntorya appraisal area includes gross Pmean GIIP of 466 billion cubic ft.

OPEC must increase output cuts aimed at shrinking a global glut with little public announcement in order to jolt investors.

The BP head said that the company would spend $15 billion in projects this year. and in 2018 and 2019.

The deal with Total increases Iran'.s energy security and is likely to encourage other foreign companies to invest in Iran.