TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) has planned to supply a million barrels of crude oil on the domestic stock market by October...
Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017. The well confirms a volume p...
Development drilling commences, facility construction under way; first oil in 2020 Production from three developments to exceed 500,000 barrels per ...
TEHRAN (Shana) -- Iran holds about 67 billion barrels of oil in place in the jointly owned oil fields in the West Karoun area. Until 2013, Iran was ex...
Hammerhead-1 well encounters 197 feet of high-quality, oil-bearing sandstone Discovery adds to estimated resource of more than 4 billion barrels M...
With daily oil production of over 90 000 barrels per day from current fields and with expected investments of more than 15 billion USD until 2030, Bra...
The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) for the Snorre Expansion Project. Investments of just a...
TEHRAN (Shana) -- By renovating a key gas turbine at Ahwaz oil export pumping station, the facility's daily pumping capacity has jumped by 750,000...
TEHRAN (Shana) -- Karoon Oil and Gas Production Company (KOGPC) is planning to enhance its crude oil production capacity by 114,000 barrels per day on...
TEHRAN (Shana) -- Iran's export of crude oil and gas condensate stood at 2.61 million barrels per day in June 2018. OPEC member Ir...