TEHRAN, July 30 (Shana) – Iranian Minister of Petroleum Bijan Zangeneh met with his Iraqi opposite number to discuss recent energy agreements between the two OPEC members and the latest market updates.
TEHRAN, July 24 (Shana) -- Ten giant oil fields in Iran account for the bulk of Iran's oil production. But these fields are all in the second half of their lifecycle. Insufficient investment in them, over years, has left their recovery rate at a low level. As a result pressure fall-off in these fields is highly likely while they have great potential for higher production.
TEHRAN, July 24 (Shana) -- West Karoun covers a quite large area of land in the western bank of Karoun River as far away as the Iran-Iraq border. West Karoun is part of oil-rich Khuzestan Province, but in the 1980s and the following two decades it was impossible to operate oil exploration and production projects due to the imposed war and landmines that had not been cleared.
TEHRAN, July 24 (Shana) -- Petroleum products, particularly gasoline, constitute a category of strategic and widely consumed products in Iran. Over recent years, despite the implementation of subsidy reform plan and gasoline rationing, consumption of this energy carrier has not declined, it has even increased in certain periods of time.
Vienna, July 22, IRNA - Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi says Iran remains to emphasize Washington’s lack of commitment to the nuclear deal also known as the Joint Comprehensive Plan of Action (JCPOA).
Vienna, July 22, IRNA - European External Action Service (EEAS) in the statement of the Iran nuclear agreement (JCPOA) Joint Commission stressed the full implementation of the agreement “in good faith”.
Vienna, July 21, IRNA – Regular meeting of the JCPOA Joint Commission was held in Vienna on Friday to review implementation of different sections of the 2015 nuclear deal regarding nuclear issues and lifting sanctions.
TEHRAN, July 10 (Shana) -- A senior Iranian oil official says production capacity of the oilfields located in West Karoon region will reach 368,000 barrels per day by the end of the current Iranian calendar year to March 20 2018.