Production of more than 15 billion cubic meters of gas at EOGPC Last year
The CEO of East Oil and Gas Production Company announced the production of 15 billion and 700 million cubic meters of gas in EOGPC in the past year.
ICOFC Increases Gas Reproduction at Reservoirs by 33 percent
Last year over 33% gas reproduction rise from Shorijeh D and Sarajeh Reservoirs was realized when compared to the same period of the previous year.
Oil drops more than 10 percent as producer cuts fail to banish demand fears
Oil prices shed more than 10% on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted plunge in U.S. shale output provided some support.
Investment in Oil Startups
The idea of establishing oil startups was first raised less than a year ago by Petroleum Minister Bijan Zangeneh.
Over 70 percent of Oil Industry Equipment Localized
A senior Iranian industrial official says the country has indigenized manufacturing of over 70% of the equipment used in the petroleum industry.
Over 62 bcm of Gas produced at ICOFC
Chief Executive officer of Iranian Central Oilfields Company announced 62 billion and 658 million cubic meters of gas production over the past 11 month of the current Iranian calendar year.
Iran’s gas output to hit record high by mid-March: Zanganeh
Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that the country’s daily gas production is going to reach one billion cubic meters (mcm) by the end of the current Iranian calendar year (March 19) when all the South Pars phases go operational.
NIOC to renovate southern oil facilities
National Iranian Oil Company (NIOC) is following a program to renovate all the country’s old and worn-out oil facilities, IRNA reported quoting a senior official with the company.
Iran Crude Oil Production Capacity at 3.7 mbd
An Iranian oil official says the country has the capacity to produce 3.7 million barrels per day of crude oil.
A Tale of Two Oil Giants With Two Strategies That Aren’t Working
Everyone from environmentalists to investors is beating up on fossil fuels, and American energy giants Exxon Mobil Corp. and Chevron Corp. are taking increasingly diverging approaches as they try to weather the storm.