Iran’s NIOC Signs 8 Oil Contracts with Local Companies worth $1.2 B
The National Iranian Oil Company (NIOC) has signed eight oil contracts with local companies to boost and maintain production at the Iranian fields at a cost of $1.2 billion.
Iran | Egypt Oil & Gas - Part 10
Iran to Start Oil Production from Azar Joint Field
The CEO of Oil Industries Engineering and Construction (OIEC) Group, Gholamreza Manouchehri, announced that the first phase of production from Azar joint oilfield will be soon.
IOOC Studies to Raise Persian Gulf’s Production by 740 mmbbl
The Iranian Offshore Oil Company (IOOC) has conducted fast track comprehensive projects on four oil fields in the Persian Gulf, aiming to raise the estimated oil reserves by more than 740 million barrels (mmbl).
Iran’s Parliament Cuts Oil Exports Target to 1.5 mmbl/d
The Iran's parliament reduced the government’s oil export target to 1.5 million barrels per day (mmbl/d) from 2.3 mmbl/d to manage expectations.
South Pars Starts Drilling Operations at Phase 11
Iran began drilling operations at phase 11 of the South Pars oil field last week with aim of recovering natural gas in March 2021.
Iran to Start Gas Production from Phase 11 in 2022
Iran will start to produce natural gas from Phase 11 of the South Pars gas field during H2 of the next Iranian calendar year beginning on March 21, 2021 at a cost of $50 million
Iran Plans to Hike Oil Production in 2021
Iran planned to raise oil production in 2021, as it expected that the US sanctions will be loosened after Joe Biden becomes president.
Iran to Increase Oil, Gas Exports With New Energy Complex
A senior Iranian official, Ali Karani, has attested that oil and gas exports will increase by building energy complexes in the province of Khuzestan.
Iran Converts 2 mmbbl of Petroleum Products Daily
Iran’s refineries have the capacity to turn two million barrels of crude oil (mmbbl) into petroleum products daily.
IOOC Aims for Enhanced Productivity at Forouzan Field
The Iranian Offshore Oil Company (IOOC) has introduced new look measures to try and enhance oil production at Forouzan offshore field.
