National Iranian Oil Company’s (NIOC) | Egypt Oil & Gas

Iran Starts Oil Production at South Pars Field

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

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

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