Iranian Oil Minister Bijan Namdar Zanganeh has said his country will return to the oil market in the shortest possible time after the removal of the U.S. sanctions on the country’s oil industry, ISNA reported.
Vice President of Russia’s giant Lukoil Company has said Iran is able to quickly boost its oil output to six million barrels per day (bpd) if the U.S. sanctions are lifted, Russian state-owned Tass reported.
Iran is gradually boosting crude oil production to get ready for a strong comeback into the global market as the talks with world powers over the 2015 nuclear deal show signs of progress.
Azar oilfield is on the verge of hitting a production capacity of 65,000 barrels of oil per day by using the ancillary facilities of the Central Processing Facility.
Iran has successfully implemented the national waste-to-energy project in Kharg Island to curb the associated petroleum gas (APG) or flare gas of the petroleum products.
Oil production at the West Karoun oil fields in southwestern Iran increased fivefold in the past six years, Iran’s Oil Minister Bijan Zanganeh said on Saturday.
The National Iranian Oil Refining and Distribution Company (NIORDC) and IMIDRO signed a memorandum of understanding for the production of sponge and needle coke in Bandar Abbas and Imam Khomeini Shazand refineries.
Close to $1.4 billion is expected to be invested in the development of two Iranian oilfields, said the CEO of the NISOC.
Iran plans to expand exports of non-oil products to 15 countries, as approved by the country’s Supreme Council of Non-Oil Exports Promotion said a deputy minister.
TEHRAN (Iran News) – The operator of the Azar Joint Oil Field Development Project in western Iran said several sections of the central processing unit of the project were about to start early production, bringing the field’s output to the planned level. According to the Petroleum Engineering and Development Company (PEDEC), as quoted by SHANA, […]