NIOC Signs $2.4 B Oil Deal with Iranian Firm
The deal aims to produce a maximum of 110,000 b/d with a total output of 512 million barrels from the two fields after 20 years.
Iran | Egypt Oil & Gas - Part 26
Russia, Iran Sign $740 M Development Agreement
The NIOC signed a $740 million agreement with a Russian-Iranian consortium to develop two oil fields near the Iraqi border.
Iran Nearly Doubles Gas Production at South Pars: Rouhani
Irani President Hassan Rouhani stated that gas production increased from 285 mcm to 555 mcm over the past Iranian calendar year.
Iran not to Increase Crude Output in Coming FY
Iran has no plans to increase its annual crude oil output in the next fiscal year (FY) starting March 21.
Iran, Azerbaijan Edge Closer to Oil Agreement
There have been positive developments in ongoing oil talks between Iran and Azerbaijan and a deal may be signed in March 2018.
Russia to Work on Iranian Oil Fields
Russian oil firms may sign deals with Iran by March 21st which would enable them to work on Iranian oilfields.
Iran’s Oil Reserves Could Increase by 10%
Studies conducted by foreign and domestic firms on Iranian oilfields have revealed that Iran has the ability to increase its proven oil reserves by 10%.
OVL Cancels Iran LNG Export Facility
ONGC Videsh Ltd has canceled plans to establish a liquefied natural gas export facility worth $5 billion in Iran.
Iran LPG Exports Drop in February
Iran’s liquified petroleum gas (LPG) exports decreased to between 358,500 tons and 402,500 tons in February 2018, Iran Daily reported.
Russia to Develop Oil Field in Iran
Russia's Zarubezhneft Oil Company signed a Memorandum of Understanding (MoU) with the Iranian Industrial Development and Renovation Organization (IDRO) for the development of the Susangerd Oil Field.
