Iran to invest $7bn in Azadegan Oilfield Development

• Wednesday, 6th July 2022
• by Israa Ibrahim

Javad Owji, the Iranian Minister of Petroleum, said $7 billion would be invested in the Azadegan Oilfield, the majority coming from Iranian banks, development companies, and the National Development Fund of Iran (NDFI...

Iran Delays Tender for Azadegan Oilfield Again

• Wednesday, 11th October 2017
• by Editorial Team

Iran has pushed back its tender for the development of its Azadegan oilfield until at least 2018, Reuters reports. “The companies are still assessing the technical surveys. The tender will not take place in 2017,” the...

IOCs to Develop Iran’s Azadegan Oil Field

• Tuesday, 13th June 2017
• by Dr. Mahinaz El-Baz

International Oil Companies ( IOCs) have presented technical surveys for the development of the Azadegan oil field, according to Pipeline. Iran is looking to ramp up its crude output with 37bb of oil. Production is cu...

Iran to Tender Azadegan Oil Field

• Monday, 29th May 2017
• by Editorial Team

The National Iranian Oil Company (NIOC) announced that it will hold an international tender for the development of its major oil field in the southwest of the country, as informed on Xinhua. NIOC’s Managing Director, ...

Iran to Keep Oil Production at 3.8mb/d

• Wednesday, 15th March 2017
• by Editorial Team

Iran will keep its oil production cap at 3.8mb/d in the second half of 2017 if the members of the Organization of Petroleum Exporting Countries (OPEC) stay committed to the oil cut agreement signed in November 2016, R...

Shell to Develop Iranian Oil, Gas Fields

• Thursday, 8th December 2016
• by Editorial Team

Royal Dutch Shell has signed a provisional agreement to develop oil and gas fields in Iran, a move that could signal energy companies will not be deterred from doing business with the Islamic Republic despite uncertai...