Iran ranks first in the world'.s gas reserves and fourth in the world'.s oil reserves.
Read More »Hydropower Units Launched in Kermanshah Province
The project. which has generated a large number of jobs in the area. is hoped to develop agriculture and industries.
Read More »Iraq Awards UAE. China Rights to Develop Oil in Northeast
Iraq’s 2018 budget of nearly $88 billion comes with a deficit of more than $10 billion.
Read More »SOCAR and BP Sign New Production Sharing Agreement
Block D230 lies some 135 kilometres (84 miles) north-east of Baku in the Caspian Sea.
Read More »Water Crisis in Iran
The water crisis is already seriously affecting living conditions as well as resources and agriculture.
Read More »Drilling 17 Wells in Azar Oilfield Underway
Azar holds 2.5 billion barrels of in-place oil. but new reservoir studies on the field suggest a much higher figure of 4 billion barrels.
Read More »IEA: Demand for Oil in World to Increase by 2023
IEA expects an increase in shale oil production and exports to Europe and Asia in the long term.
Read More »Rise in Iran`s Caspian Oil Reserves
Norwegian firms are expanding their foothold in Iran'.s lucrative and untapped energy market gradually.
Read More »TANAP. TAP to Play Important Role in Ensuring Europe’s Energy Security
TANAP and TAP are of great importance to Europe as these projects are alternative sources of gas.
Read More »Academic Finds Discrepancy in Trump`s Go at OPEC
Trump'.s verbal attack on OPEC is hardly justified.
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