Crude production from Iran’s South Azadegan oilfield will rise to over 140,000 barrels per day (b/d) by the end of March 2018

Iran increased its oil production from South Azadegan by 30,000 b/d, reaching a production of 80,000b/d of oil at the field.

Iran has begun first oil production from North Yaran field shared with Iraq after years of delay. The development manager of the field, Arash Baqerzadeh, said that the production from the field has begun with 30,000b/d.

Naftiran Intergraded Company Sàrl, Swiss-based subsidiary of the National Iranian Oil Company (NIOC), and France's Total will sign oil swapping deal for around 200,000b/d.

National Iranian Oil Company (NIOC) has signed seven new initial agreements with firms including Austria's OMV, France's Total, Germany's Wintershall, Indonesia's Pertamina, Russia's Lukoil and Zarubezhneft to study the country's oil fields.