SHANA -- Iran hopes to bring its oil output to over 5 mb/d under its 20-year vision plan through investing in ageing fields. Some of oil fields in Iran are already mature. Their oil has partly been recovered, but cutting edge technologies are needed to extract the remaining oil. Thanks to existing technologies, it would be possible to raise ...

SHANA - Deputy Petroleum Minister Amir Hossein Zamaninia said the fate of Ab Teymour and Manousir onshore oilfields will be determined by 2018. Speaking following a meeting of Iranian Minister of Petroleum Bijan Zangeneh with visiting Indonesian Coordinating Maritime Affairs Minister Luhut Binsar Panjaitan on Sunday, the official said the Rouhani ...