Three new oilfields in Iran were put in production mode this weekend at an official ceremony, adding more than
The fields are Yadavaran, North Azadegan, and North Yaran—three of the five fields that Iran shares with Iraq. The launch of North Yaran was
At the ceremony, President Hassan Rouhani was
The latest production figures for October for Iran are 4 million bpd, with exports at 2.4 million bpd. The country, which insisted—and succeeded—that it be exempted from an OPEC-wide production cut, has made no secret of its intentions to ramp up its oil production as quickly as possible.
To this end, Tehran devised a whole new petroleum contract in a bid to lure in foreign energy companies with the know-how and experience to help it in its plans. The first international major to sign on was France’s Total, which will
Meanwhile, U.S. president-elect Donald Trump has during his campaign
By Irina Slav for Oilprice.com
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