South Azadegan

Malaysia to help Iran in developing two oilfields

National Iranian Oil Company (NIOC) and Malaysia's Petronas (Petroliam Nasional Berhad) plan to sign a memorandum of understanding (MoU) on the development of Cheshmeh Khosh and South Azadegan oilfields. Iran has already signed …

85% progress in drilling in South Azadegan oilfield

Deputy Managing Director of National Iranian Drilling Company (NIDC) for drilling projects, Mehran Makvandi, said that 85% progress has been observed in drilling of 40 wells in the South Azadegan oilfield. Makvandi made …

Total to start oil production in South Azadegan

The Iranian National Oil Company (NIOC) has signed a contract with France's Total on the development of the South Azadegan oil field, the Iranian Minister of Petroleum Bijan Zangeneh said. Now Total can …

Japan to lift sanctions against Iran on January 22

Tokyo will lift the sanctions against Iran on January 22. The relevant decision should be taken at a meeting of the government. This step will enable Japanese companies to invest in the gas and oil industry of Iran. Banks in both countries …