A consortium of Indian companies, led by ONGC Videsh (OVL), is set to strike a deal with Iran by January for the development of Farzad-B gas field in the Persian Gulf.
DNO signed a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to conduct a study on the development of the Changuleh oil field in western Iran.
Iraq will make three new suggestions at a meeting in Vienna of OPEC oil ministers at the end of the November to implement an agreement to restrain crude supply in order to push up prices.
The National Iranian Tanker Company (NITC) and Poland’s Ciech Trading S.A. are in talks in Tehran in order to establish a joint company for the marine transportation of crude oil, petrochemicals and liquefied gas.
Iran's Ghadir Group has reached an agreement with Italian Italian Saipem and Maire Tecnimont to cooperate on building a gas condensate refinery with a 120,000b/d capacity in southern city of Shiraz at the Fars Province.
the first phase of production at Yadavaran, North Yaran and North Azadegan fields in its oil-rich Khuzestan province, with a total output of more than 220,000b/d.