BP is studying the Kirkuk field in northern Iraq, as requested by the Iraqi government, but “will not jump in with commitments,” company CEO Bob Dudley told analysts Tuesday, Kallanish Energy reports.
Russia’s natural gas giant Gazprom will present the results of ongoing studies for the development of four gas fields in Iran by late March, Iranian oil minister said on Saturday, Kallanish Energy reports.
Iranian oil minister Bijan Zangeneh said Saturday the country will increase its oil production capacity by at least 1.7 million barrels per day (MMBPD) providing Tehran is successful in reaching deals with foreign partners, Kallanish Energy learns.
Crude oil production from the Organization of Petroleum Exporting Countries (OPEC) fell by 250,000 barrels per day (BPD) in 2017, which is less than 1%, to average 32.39 million barrels per day (MMBPD).
Iranian gas exports to Iraq’s Basra may start within the next two months, as long as the Iraqi government makes the necessary arrangements and repairs to the infrastructure, the National Iranian Gas Company (NIGC) said on Monday.
Iran’s PEDEC, the development arm of state oil firm NIOC, is about to complete drilling of 12 new onshore wells at the South Yaran oilfield, shared with Iraq, the company said in a statement on Monday.
Iran’s state-owned oil company NIOC said on Monday the 136,000-tonnes-oil-condensate cargo aboard of the Iranian oil tanker that collided in China waters will be “fully paid” by its South Korean buyer.