Tehran, Iran -- The National Iranian Oil Company (NIOC) has said that shale oil deposits have been discovered in 10 different locations across the country. The director of exploration at the NIOC, Mehdi Fakour, announced that the company's specially designed model will enable the extraction of oil from these resources....
NIDC drills 195 oil wells in 2 years
Wells were drilled in onshore, offshore operations.
Iran says oil production back to pre-sanctions level
Iran's oil production capacity has returned to the same level as prior to the reimposition of sanctions in 2018, when the US unilaterally withdrew from a nuclear deal, a top official said. The country is currently engaged in negotiations to restore the 2015 nuclear deal that would grant it much-needed...
Tribunal awards Dana Gas $607 million in a case against Iran’s state producer
DUBAI: Sharjah-based Dana Gas has been awarded $607.5 million as compensation for damages in a case against the Iranian state-owned National Iranian Oil Company (NIOC). The damages were awarded by an international tribunal, which will hear the case for the final time in October 2022 in Paris. A final award...
