Tag Archives: Sanctions

With a combined production capacity of 2.2 million tons annually. the plants cost $1.3 billion.

South Africa bought around 68.000 bpd of crude from Iran in May 2012.

Iran'.s gross gas output stands at 285bn m3 yr.

Iran has named 29 companies from more than a dozen countries as being eligible to bid for oil and gas projects.

Iran dismissed US administration'.s move as unacceptable. illegal and in contradiction to the international norms.

Saudi Arabia and Russia. the world'.s top two oil producers. agreed on Monday on the need to extend output cuts for nine months until March 2018.

The giant South Azadegan Oilfield near the Iraqi border has been singled out as the first field to be tendered under the new terms.

Farzad-B was discovered by OVL in the Farsi block about 10 years ago.

Iranian Offshore Oil Company is one of the largest offshore oil producers in the world.

Kish field is planned to be developed in five phases.