Production from the layer will reach 35.000 barrels per day once its wells are fully operational.
Read More »Russia Remained the World’s Top Oil Producer in January
Analysts and experts are now mostly predicting that oil prices will remain below $60 this year.
Read More »Iran’s 14 Billion-Barrel Oil Field Comes Online
South Pars is a very advanced project from a technical perspective.
Read More »Iran. Iraq to Lead Middle East Oil Growth
Iraq and Iran are the countries where oil production is expected to see the highest growth over the next decade.
Read More »Final Version of New-Style Iran Oil Contracts Prepared
French oil and gas company Total held talks with Iranian officials about several projects in the country in 2016.
Read More »Iran Ups Oil Exports to South Korea by 54 Percent
South Korea considerably increased its crude oil imports from Iran in February.
Read More »Iraqi Oil Production Exceeded 4.5 Million Barrel Per Day in February
Iraq is committed to cut national crude oil production in line with OPEC'.s agreement .
Read More »Iran Using Gas Injections to Boost Oil Output
Injecting gas into oil fields had a central role in Iran’s plans to increase its oil production.
Read More »Oil Minister Reveals Rare Oil Plan with Iraq
The two neighbors share 6 oilfields namely Azar. Dehloran. West Paydar. Naft-Shahr. Azadegan and Yadavaran.
Read More »IEA: Oil Market Could Tilt into Deficit
Within OPEC. Saudi Arabia has shouldered the burden of the production cuts. offsetting poorer compliance by other nations.
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