Under the agreement OPEC is curbing its collective oil production by about 1.2 million bpd.
Read More »Iran Trilateral Energy Deal to Boost Foreign Participation. Market Access
According to SHANA. the new oil deals based on Iran Petroleum Contract (IPC) is expected to replace buy-back contracts.
Read More »Iran Will Export Gas to Basra Soon
Iran (34 trillion cubic meters) and Russia (32.6 tcm) hold the largest proven gas reserves.
Read More »Kharg Oil Terminal`s Daily Oil Exports at 2.1m Barrels
Officials place condensate exports between 600.000 and 700.000 barrels a day.
Read More »Oil Min: Foreign Finance Crux of Oil Industry Development
The average rate of recovery from Iranian oilfields is expected to reach 40% from around 25%.
Read More »Oil Ministry Certified Six More Domestic Firms for Oil Projects
Officials say the partnership of domestic companies with oil majors will gradually enhance the technical and managerial know-how of Iranian firms.
Read More »Iran. Turkey. Russia Sign Deal on Investment in Oil. Gas Fields Development
This is a landmark agreement for the Iranian petrochemical industry. the first trilateral investment deal the country'.s company has closed with foreign partners.
Read More »Oil Traders Await U.S. Reaction to Venezuelan Vote
The U.S. buys about a third of Venezuela’s crude production and is the main buyer that pays in cash.
Read More »Petrochem Pollution Monitor Systems In Place
Power plants are moving toward replacing polluting fuels with natural gas as a cleaner energy resource.
Read More »Shell Interested in Potential Business with Iran
Both Total and Shell have signed a memorandum of understanding (MoU) with Iran on Petrochemical sphere in 2016.
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