development
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Contract on second-stage development of Iran’s oldest oil field signed
SHANA (Tehran) – The National Iranian Oil Company (NIOC) and Sina Energy Development Company (SEDCO) signed a contract worth $260 million to begin the second phase of Masjed Soleyman oil field’s development.
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Owji inspects Yaran, Yadavaran oil fields’ development operations
SHANA (Ahvaz) – Iran’s Oil Minister Javad Owji closely observes the progress of the second phase of the Yaran joint oil field and the development operations of the Yadavaran oil field in southwestern province of Khuzestan on March 8, 2024.
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Iran, Iraq confer about integrated development of joint fields, gas trade
SHANA (Tehran) – The Iranian and Iraqi oil ministers discussed the integrated development of joint fields, trade of gas and oil products, payment methods, and development of infrastructure on Saturday.
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Contract on integrated development of joint Azadegan oil field to be signed in a month
SHANA (Tehran) – A contract on the integrated development of the joint Azadegan oil field will be signed within a month, said the National Iranian Oil Company (NIOC) director of investment and business development on Wednesday.
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During president visit to Khuzestan Province
Sohrab oil field development project operations start
SHANA (Ahvaz) – The executive operations of Sohrab oil field development project officially kicked off during the visit of Iran’s President Seyyed Ebrahim Raeisi to southwestern province of Khuzestan on Friday.
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Ab Teimour Up for Investment
TEHRAN (Shana) -- Although ten giant oil fields in Iran account for the bulk of Iran's oil production, they are all in the second half of their lifecycle as inadequate investment in them, over years, has left their recovery rate at a low level.
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Oil Industry in Need of Fresh Blood for Development: Official
TEHRAN (Shana) -- An official with the National Iranian Oil Company (NIOC) said Iran’s oil industry needed new blood and fresh ideas for development.