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FA Sunday, January 19, 2020
Iranian Central Oil Fields Company (ICOFC) has installed the first drilling rig of Danan oil field’s development project, aiming for the field’s maintenance and enhancing its oil production, Shana reported.
In line with maintenance and enhancement of oil production, drilling operation of 18 wells in three ICOFC fields is underway through EPD/EPC contracts.
Iranian Ministry of Petroleum has set up a new initiative to support domestic manufacturers by guaranteeing purchase of their quality items needed in the petroleum industry.
Head of Iran’s Planning and Budget Organization (PBO) said the oil revenues in budget bill for the next Iranian calendar year (starts on March 20, 2020) are estimated on the expectations of selling one million barrels per day (bpd) of oil at an average price of $50.
The CEO of PetroIran Development Company announced its plans for mass-production of multiphase pumps in collaboration with local manufacturers.
The National Iranian Oil Company (NIOC) has planned to put for sale 6 million barrels of crude oil and gas condensate on the Iran Energy Exchange (IRENEX) next week.
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