Technology
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Global Rivalry over Shale Oil/Gas
TEHRAN (Shana) -- Shale oil and gas market has been gathering steam across the globe over the past decade. Many countries, particularly the United States, have developed new technologies to produce and process shale oil and gas.
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Startups, New Energy Business Sector
TEHRAN (Shana) -- A new business sector is emerging in Iran’s petroleum industry. Several years after the formation of knowledge-based companies in this vital sector, it is now oil startups’ turn. The startups are expected to develop creative ideas with a view to reducing production costs and boosting productivity in the petroleum industry.
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Iran Petroleum Ministry Focuses on Startups
TEHRAN (Shana) -- Iran’s Ministry of Petroleum has decided to provide special support to startups and knowledge-based oil companies. Minister of Petroleum Bijan Zangeneh has said that 17 ha of land in southern Tehran would be allotted to these companies. He said the Ministry of Petroleum had a detailed plan for startups, which would become operational in the second half of the current Iranian calendar year.
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Egypt Petroleum and Refining Industry
TEHRAN (Shana) -- Egypt sits atop 4.4 billion barrels of crude oil in place, and produces 650,000 b/d of crude oil and liquids.