Tag Archives: Production

Iran'.s oil production capacity has crossed 4 million barrels per day.

Over 2.500 Iranian and 1.500 foreign companies from 37 countries are participating in the event.

Iraq'.s bulging fuel oil exports have contributed to a glut.

BP’s industry-leading digital rocks program was established 10 years ago.

Iran is the world'.s 13th major steel maker stands second in the region after Turkey. followed by Egypt. Saudi Arabia. Qatar. UAE and so on.

Exploration and production firms are still adding drilling rigs at an average of almost 10 per week.

The Persian Gulf nation of Kuwait is the fifth-largest producer in the Organization of Petroleum Exporting Countries.

Bandar Abbas Refinery’s mazut production will be reduced to less than 10% of the total while sulfur output will fall to less than 1%.

Russia has agreed to cut its oil output by 300.000 barrels per day under the OPEC deal signed in Vienna.

The oil market needs more time to start using up stored inventories. which are on the verge of declining.