EghtesadOnline: A top official at Iran's state oil company on Saturday sought to ensure that the country's key petroleum industry will not be rattled by US President Donald Trump's decision to decertify Tehran's compliance with the 2015 nuclear deal, a move that experts say can have major ramifications for its economy and energy sector.
EghtesadOnline: Transfer of technology is an indispensable part of Iran Petroleum Contract, the new model of oil contracts for developing Iran's oil and gas fields, as the country needs cutting-edge know-how and equipment to offset the natural decline in extraction from aging oil and gas reservoirs, deputy for engineering and development at the National Iranian Oil Company said.
EghtesadOnline: Iran has made no major concession to French energy giant Total S.A. for developing Phase 11 of the giant South Pars Gas Field in the Persian Gulf, the deputy head of National Iranian Oil Company said.
EghtesadOnline: Iran plans to raise its crude production capacity by 3 million bdp, deputy of National Iranian Oil Company, Gholamreza Manouchehri saying Monday.
EghtesadOnline: Exploration and production of offshore oil and gas fields demand advanced technology and substantial investment, a deputy at the National Iranian Oil Company says.
EghtesadOnline: The National Iranian Oil Company is studying proposals from foreign oil companies to develop the country's rich hydrocarbon reservoirs, said the deputy for development and engineering at the NIOC.
EghtesadOnline: The pace of drilling operations in Iran is half of that of international firms with access to cutting-edge technology, the National Iranian Oil Company said on Saturday.
EghtesadOnline: Based on the OPEC 171st regular meeting approval, Iran is increasing its oil production by 90,000 barrels per day, Deputy Head of National Iranian Oil Company for Development and Engineering Affairs said.
EghtesadOnline: Iran is maintaining crude oil production within the framework of a global pact reached last year to cut supplies to ease the bloated oil inventories and lift sagging prices, a deputy at the National Iranian Oil Company said.
EghtesadOnline: Iran can boost oil revenues from its oilfields by billions of dollars using enhanced recovery methods, Gholamreza Manouchehri, the deputy for engineering and development at the National Iranian Oil Company, said.