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Azadegan Up for Investment
TEHRAN (Shana) -- The Azadegan oil field is Iran’s largest oil field and the third largest field in the world, just behind Saudi Arabia’s Ghawar and Kuwait’s Burgan oil fields. Azadegan was discovered in 1997. It covers an area of 20 kilometers in width and 75 kilometers in length in Azadegan Plan, some 100 kilometers west of the city of Ahvaz. Azadegan was initially estimated to hold 33 billion barrels of oil. In 1999, a new oil layer with 2.2 billion barrels was discovered in this field. Azadegan is divided into South Azadegan and North Azadegan.
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Petchem Value Chain Completion Envisaged
TEHRAN (Shana) -- A total of 15 petrochemical plants are affiliated with the Persian Gulf Petrochemical Industries Company (PGPIC). The plants account for 40% of Iran’s petrochemical exports. Although PGPIC has been under US sanctions, it continues to export petrochemicals. Furthermore, petrochemical production plants are coming online one after another.
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Iran Oil ‘Takes Off’ for Mastering Technology
TEHRAN (Shana) -- Iran’s petroleum industry has accelerated its development after dealing with tough conditions of sanctions over a decade and going into ups and downs. Nationalization of technical knowhow and acquisition of cutting-edge technologies have always constituted a major cause of concern for Iran’s petroleum industry. That has gathered steam in recent years thanks to efforts made by Petroleum Ministry managers in meeting the country’s needs and making maximum use of domestic capabilities.
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NIDC Drillings Hit 132,000 Meters in 10 Months
TEHRAN (Shana) -- National Iranian Drilling Company has announced it successfully drilled over 132,000 meters of oil and gas wells over the course of the past 10 months.
