Iran Starts Oil Production at South Pars Field

• Wednesday, 22nd March 2017
• by Editorial Team

Iran started pumping oil from the oil layer of South Pars gas field (in the Persian Gulf). Production from seven oil wells in the complex began and should reach a net peak capacity of 35,000b/d in about a week.

Iran to Issue $1.5b Bonds for Petroleum Projects

• Tuesday, 28th February 2017
• by Editorial Team

The legislation grants the oil ministry permission to sell more than $1.5b in bonds for projects shared with neighboring countries.