Gas reproduction from Shourijeh D storage facility, which is the only gas storage facility in the Northeast part of the country and the largest storage facility in the Middle East has increased by 43% compared to the same period last year.

Iranian Minister of Petroleum Bijan Zangeneh said the fate of all Iranian joint oil and gas fields would be determined by the end of Iranian President Hassan Rouhani’s term as president.

Iran’s gas industry development has over the past six years seen daily growing development with the focus having been on recovery from the giant South Pars gas field.

ICOFC has inked a €125-million Engineering Procurement, Construction and Financing (EPCF) deal with an Iranian company for implementing a project that would prevent 82 million square feet of gas flaring every day.

Iran’s gas industry development has over the past six years seen daily growing development with the focus having been on recovery from the giant South Pars gas field.

The CEO of the Iranian Central Oil Fields Company announced that comprehensive study of 8 ICOFC fields would be awarded to local companies.

20 kV power supply from 63.20 kV substation of Shahid Fahmideh refinery and natural gas storage complex was put into operation in Sarajeh operational region.

The Director of Integrated Planning at the National Iranian Oil Company said the fate of all Iranian oil and gas joint fields had been determined except for one small field.

Oil prices keep falling. Nobody could imagine that oil prices would hit their 17-year lows in less than three months. Analysts shift the blame on the novel coronavirus outbreak, which has degenerated into a global crisis. The Covid-19 outbreak caused economic stagnation and demand for oil and petroleum products dropped severely.

Last year,Iranian Central Oil Fields Company drilled and completed 9 new wells and 7 repair wells using eight drilling rigs.