Iran Floods Force Closing 10 Oil Wells in Khuzestan

• Thursday, 18th April 2019
• by Editorial Team

Iran has shut down a number of oil wells in the Khuzestan province due to massive floods hitting the country’s south, according to Mehr news agency, Reuters reported. Closing the wells led to a production loss o...

MAPNA to Develop Oilfields in Khuzestan Province, Iran

• Tuesday, 7th August 2018
• by Editorial Team

Iranian engineering and energy enterprise MAPNA Group have signed a contract with the National Iranian South Oil Company (NISOC) to develop the Paranj and Parsi oilfields in the Khuzestan Province in Iran, The Financi...

Iran to Boost Crude Output by 460M barrels Over 3 years

• Sunday, 10th June 2018
• by Editorial Team

Iran is planning to increase its oil production by 460 million barrels over the next three years, according to oil minister Bijan Zanganeh, Reuters reported. Zanganeh outlined the plan to increase output from 29 oilfi...

NIOC Signs $2.4 B Oil Deal with Iranian Firm

• Monday, 19th March 2018
• by Editorial Team

The National Iranian Oil Company (NIOC) signed an agreement for which the CAPEX is $2.4 billion with Pasargad Energy Development Company (PEDC) for the integrated development of Sepehr and Jofeir Fields, Fars News rep...

Iran Discovers Large Light Crude Oilfield

• Thursday, 19th April 2012
• by Egypt Oil & Gas

A huge light crude oilfield with considerable reserves has been discovered in southwest Iran, the Mehr News Agency reported on Wednesday. The newly-discovered field must be considered among one of the biggest light cr...