Tag Archives: Qatar

Revenues from oil sales are national wealth and belong to future generations.

Production capacity in the West Karoun oilfields is set to reach 500.000 barrels per day by July from the present 300.000 bpd.

Oil prices are rising on April 7.

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

Russia’s Energy Minister Alexander Novak said last week that it is too early to talk about an extension.

Qatar is a small but wealthy member of OPEC that generates most of its income from natural gas rather than crude oil.

Production from the layer will reach 35.000 barrels per day once its wells are fully operational.

South Pars is a very advanced project from a technical perspective.

Iran is now major gasoil exporter and will soon turn into exporter of gasoline.

The South Pars Oil Layer is shared with Qatar. where it is known as Al Shaheen.