POGC is also collaborating with an unnamed French company to offset the natural decline in South Pars extraction rate .
Read More »OPEC Welcomes Its New Member
Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).
Read More »Iran Needs Major Offshore Investment
Iran needs major investments in its offshore oil and gas sectors.
Read More »OPEC Oil Price Continues to Rise
The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.
Read More »POGC Offsets South Pars Gas Production Decline
Iran has been second-best to Qatar in gas production from South Pars.
Read More »Arab States Request Iran`s Natural Gas
The Persian Gulf region has about 730 billion barrels of proven oil reserves and more than 70 trillion square meters of natural gas.
Read More »Iran in Talks with Persian Gulf States to Export Gas
Iran'.s priority for gas exports to Europe was to proceed with LNG.
Read More »ExxonMobil Secures Qatari Condensate for Singapore Unit
The U.S. oil major bid for the cargoes of the ultra light oil at more than $2 a barrel above Dubai quotes.
Read More »Pakistan to Overcome Energy Crisis in 6 Months
Pakistan would do away with the deficit gas production by importing 3bcfd by December 2018.
Read More »Iran Sets New Terms for Gas Field Award
Farzad-B was discovered by OVL in the Farsi block about 10 years ago.
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