Iran to Develop West Karoun Oil Fields, Eyes 1 mb/d Output Increase

• Sunday, 22nd August 2021
• by Fatma Ahmed

Iran plans to develop 11 oil fields in West Karoun to boost output by 1 million barrels per day (mb/d), Shana News Agency reported. West Karoun concession contains several oil fields shared by Iraq and Western Iran. T...

PEDEC, Petropars to Develop South Azadegan Field

• Monday, 20th July 2020
• by Editorial Team

The Petroleum Engineering and Development Company (PEDEC) has signed a deal with Petropars Company to complete the final stages of development in the South Azadegan field, according to SHANA. The general contract for ...

NIOC Plans Future Oil Projects

• Sunday, 29th March 2020
• by Editorial Team

National Iranian Oil Company (NIOC) plans to implement new oil projects in the near future, high ranking official Karim Zobeydi told IRNA.  The future plans include measures trying to alleviate restrictions placed on ...

Iran Sells First Cargo of West Karoun Crude to Repsol

• Tuesday, 5th June 2018
• by Editorial Team

Iran has sold its first cargo of West Karoun crude oil to Repsol, Reuters reported. The Spanish company agreed to buy 500,000 barrels of the heavy grade crude on a spot basis, and will co-load the cargo within the nex...

Iran to Boost West Karoun Output by 10%

• Sunday, 5th March 2017
• by Editorial Team

Iran is looking to raise production capacity from joint fields with Iraq by more than 10% in the first quarter of the next fiscal year that begins in March, a senior oil official said, Financial Tribune reported. The ...