The Iranian Offshore Oil Company (IOOC) has introduced new look measures to try and enhance oil production at Forouzan offshore field.

The Iranian oil industry has signed 13 contracts worth roughly EUR 1.5 billion with 14 local firms to enhance and maintain oil production.

Iranian Offshore Oil Company (IOOC) has completed drilling operations for the first well at the Sivand offshore oilfield and the well is expected to become operational in the not so distant future.