Tag: oil

Iran’s output hits 3.8m b/d

\ Iran’s Oil Minister Bijan Zangeneh For full coverage of Middle East business, see MEED Iran’s oil production is 3.8m barrels a day (b/d) and exports are running at 2m b/d, Iran’s Oil Minister Bijan Zangeneh told the Islamic republic’s parliament…

Iran to invite oil field development bids

For full coverage of Middle East business, see MEED In a long-awaited initiative to encourage foreign company participation in its upstream projects, Iran plans to invite international companies to bid for oilfield development rights in June, the Islamic Republic News Agency (Irna) reported this…

Bids in for Al-Shaheen PSA

For full coverage of Middle East business, see MEED Chevron Corporation, Royal Dutch Shell, Total SA, ConocoPhillips and Maersk Oil Qatar have bid for a production sharing agreement  for the offshore Al-Shaheen field, which currently produces 300,000 barrels a day…

India to settle debts due to Iran

India’s Prime Minister Narenda Modi meets Iran’s President Rouhani during visit to Tehran on 22-23 May Iran’s deputy foreign minister Ebrahim Rahimpour has said that India will pay the remaining part of $6.4bn it owes the Islamic republic for crude oil…