Iran will launch after January 2017 its first new-style tender to develop oil and gas fields since the lifting of sanctions, noting that the deadline to submit pre-qualification documents has been extended.
India has nudged Iran to quickly award rights to develop the coveted Farzad-B gas field in the Persian Gulf to ONGC Videsh by wrapping up negotiations that have been dragging on for months.
Iran's Oil Minister, Bijan Zanganeh, said that the country was prepared to leave its oil production at levels that the Organization of the Petroleum Exporting Countries (OPEC) had agreed at its September meeting in A ...
OPEC experts met late November, ahead of their schedule meeting in Vienna to discuss means to global market stability. Yet, they ended the meeting without agreeing on concrete details of a planned reduction in oil ou ...
The National Iranian South Oil Company (NISOC) and Schlumberger signed memorandum of understanding (MoU) andand Non-Disclosure Agreement (NDA) on the study the formations of Shadegan, Parsi and Rag-e Sefid oil fields ...