TEHRAN, Jul. 13 (MNA) NIOC and Russias JSC Zarubezhneft have signed an MoU as well as a confidentiality contract over expanding two of Irans joint oil fields with Iraq. The deal was sealed with the Russian firm following the inking of a confidentiality agreement between National Iranian Oil Company (NIOC) and Frances Total S.A. Speaking on ...

TEHRAN May 06(Shana)--Irans first vice-president has said that the country is looking for domestic and foreign investment to develop oil and gas fields shared with neighboring countries. Eshaq Jahangiri said at the inauguration of Tehran Oil and Gas Show that the new model of oil contracts being drafted by Ministry of Petroleum would be such attractive ...

[caption id="attachment_147491" align="alignright" width="150"] Iran hopeful to launch several major shared oil fields in West Karoun in the near future.[/caption] Irans media reported on Saturday that the country is pressing ahead serious plans to develop several giant oil fields that it shares with Iraq on the western banks of Karoun River in the ...

TEHRAN (Tasnim) Managing Director of the National Iranian Oil Companys (NIOC) Exploration Department Hormoz Qalavand said new deposits of crude oil and natural gas have been explored in Iran. Qalavand told reporters that Iran has managed to find at least 5 new oil and gas fields. He added that the NIOCs exploration plans for the previous Iranian ...

Iranwill offer foreign partners incentives to find and pump more crude and natural gas and will pay some fees in barrels as it seeks to boost income once international sanctions are lifted. New contracts that the country is developing will offer higher fees for riskier exploration and production projects, oil-ministry officials said at a conference ...

Iranian authorities plan to relocate the city of Ahvaz airport after discovering an oil field under the runway. "The Iranian Oil Ministry will acquire Ahvaz airport and a new airport will be built 15 kilometres from the city," the Director of the Iranian Airports Company Mohammed Rasulnijad told Iranian television ?ribnews on Friday. The Cabinet ...

Iran plans to invest $14 billion in the Persian Gulf oil fields to increase its oil production of this region, an informed official has announced on Monday. In an interview with theeconomic correspondent of Fars news agency, an informed official said that "to increase its oil output, Iran plans to invest $14 billion for the development of the Persian ...