Tag Archives: Production

The IPC has more flexible terms that take into account oil price fluctuations and investment risks.

Iran'.s crude oil edged closer to $50 a barrel at the end of last month.

BP currently intends to continue to hold its ownership stake in the Rhum joint arrangement and act as operator.

. Iran is now producing 3.9 million bpd of crude oil and gas condensates.

Iran is committed to its quota in the Organization of the Petroleum Exporting Countries (OPEC) in 2017.

To boost MEG exports. negotiations are underway with India and European states.

A major new oil gas discovery. similar to the giant South Pars Gas Field. is unlikely to take place.

Libya'.s gain means oil market pain.

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

The five phases of the giant South Pars gas field (17. 18. 19. 20 and 21) will boost Iran’s daily gas output by 150 million cu m.