TEHRAN, Nov. 16 (Shana) Phase I development of the oil layer of South Pars gas field is 70% complete and its oil will come online late next year, an NIOC official said. Moshtaqali Gohari said the project's floating production storage and offloading (FPSO) is being constructed jointly by Iranian and foreign companies and will become operational ...

TEHRAN, Nov. 14 (Shana) Iran Offshore Oil Company (IOOC) has planned to revive 18 abandoned oil wells to add nearly 18,000b/d to its offshore output. An IOOC official said proposals for conducting appraisal studies on the projects are approved by the company's board of directors. Moshtaqali Gohari said expenses of developing the projects will be ...

TEHRAN (ISNA)- Iran plans to introduce dozens of oil projects worth 40 billion dollars in 2015 London Conference in February through unveiling a new contract known as Iran Petroleum Contract (IPC) in the event. "Some 50 projects worth 40 billion dollars will be introduced in London Conference," said Moshtaghali Gohari, Deputy Head of Integrated Planning ...