New Platform in Persian Gulf Oilfield Installed
Iranian technicians and engineers have successfully installed another offshore drilling rig in the Persian Gulf waters.
Iran Should Hit 8.5 mbd of Oil Output: Adviser to Leader
The oil output in the country should meet a target of 8.5 million barrels per day (mbd) in several years’ time despite efforts to reduce the direct sales of crude.
Oil Minister Reiterates No “Hike” in Fuel Oil Price
Oil Minister Bijan Namdar Zanganeh yesterday reiterated that the ministry refutes reports that it is to increase the price of fuel oil.
Iran Hitting Full Production at Azar Oilfield
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-Iraq Trade Down by 20-30%
A member of Iran’s Chamber of Commerce says Iran’s trade with Iraq has declined between 20 to 30 percent this year comparing to the same period last year, noting condition in the borders is good and there is no certain problem there.
Iran Tops Oil, Gas Giants in World
By exploring 4.9 billion barrels liquid hydrocarbon in 2019, the NIOC is standing on the top of oil giants in the world.
Iran Creates 2.6 mb of Refinery Capacity in 7 Years
Oil Minister Bijan Zangeneh said, "Thanks to the development of South Pars and the implementation of gas supply projects in the last seven years, an equivalent to 2.6 million barrels of refining capacity fuel has been distributed and consumed in the country."
Iraq’s Electricity Industry Active With Iranian Gas
that using Iranian gas is very economical for Iraq because natural gas replaces diesel, which is more than twice the price of the gas.
Oil Prices Recovered on Falling US Dollar
Oil prices recovered on Tuesday, erasing overnight losses, as investors moved into risk assets and away from the safe-haven US dollar which tumbled to multi-year lows.
NIOC Inks Oilfield Development Contracts with Iranian Companies
The National Iranian Oil Company (NIOC) signed 13 contracts with domestic companies for the development of the country’s oilfields.