Iranian authorities have reject reports that massive floods have affected crude production in joint oil fields with neighboring Iraq.
Iranian Labour News Agency
Iranian authorities have reject reports that massive floods have affected crude production in joint oil fields with neighboring Iraq.
Iran says it has received proposals from the global energy giant Royal Dutch Shell for the development of two major oil fields.
Iraqi Oil Minister Jabbar Allaibi said on Sunday his country plans to reach an agreement with Iran on exploitation of the joint oil fields.
Iran has discovered about a dozen new oil fields with in-place reserves of 30 billion barrels, head of exploration at National Iranian Oil Company (NIOC) says.
Iran is planning to increase the amount of gas it extracts from the South Pars Gas Field to the same level extracted by Qatar during the next Iranian calendar year, Vice President for Executive Affairs Mohammad Shariatmadari said.
British Petroleum has expressed readiness to invest in development of certain Iranian oil fields, Rokneddin Javadi, Iran's deputy oil minister said.