EghtesadOnline: Standard parallel salaf contracts worth 2.5 trillion rials ($20 million) will be offered on the Iran Energy Exchange on Tuesday to finance Azar Oilfield projects.
EghtesadOnline: Oil production from Azar Oilfield is projected to reach 65,000 barrels per day in the second half of current fiscal that started in March, said the director of projects at the Oil Industries Commissioning and Operation Company.
EghtesadOnline: To speed up production from oil fields shared with Iraq, drilling operations on seven wells in Azar Oilfield in Anaran block in Mehran, lIam Province, are expected to end by March, operation manager of the National Iranian Drilling Company said.
EghtesadOnline: Azar Oilfield, located in Anaran block bordering Iraq in Mehran, lIam Province, will double its output capacity in the next fiscal (starting March 21) as the field's development has registered a significant progress, an oil official said.
EghtesadOnline: Gazprom Neft, the oil division of Russian gas major Gazprom, presented its development plan for Iran's Azar and Changuleh oilfields on Monday.
EghtesadOnline: A deadly 7.3 magnitude earthquake struck western parts of Iran on Sunday night, but production at Azar Oilfield in Ilam Province has not been affected, said Keyvan Yarahmadi, who oversees the field's development at the Petroleum Engineering and Development Company.
EghtesadOnline: Iran has extracted 4.6 million barrels of crude from Azar Oilfield in the western Ilam Province since the field started production about seven months ago.
EghtesadOnline: Crude oil production from Azar Oilfield in the western Ilam Province near the Iraqi border has been stabilized at 30,000 barrels per day.
EghtesadOnline: Iran has extracted 4 million barrels of crude from Azar Oilfield in the western Ilam Province since the field started production six months ago, managing director of the Oil Industries Engineering and Construction Company said.
EghtesadOnline: Production from Azar Oilfield in the southern Ilam Province is slated to double in May, said Keyvan Yarahmadi, who oversees the development of field at the Petroleum Engineering and Development Company.