Tag Archives | shared oilfields

Iran, Iraq agree on Development of Joint Oilfields

Iran and Iraq have reached an understanding on the joint development of the Naft Shahr and Khorramshahr oilfields, Iranian Minister of Petroleum Bijan Zangeneh has announced. Speaking on Sunday, during a visit to the Energy Industries Engineering and Design (EIED), an affiliate to the Oil Industries’ Engineering and Construction (OIEC), the official said: “There are […]

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An Integrated Approach for Iraq/Iran Border Fields

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. An Integrated Approach for Investment in Joint Development-Unitization for Iraq/Iran Border Petroleum Fields & Exploration Blocks This article provides brief note in panel discussion and abstract of a keynote PowerPoint presentation prepared […]

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Iraq to Invest in Joint Oil Projects with Iran

Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] (pictured) has said an agreement will soon be signed with Iran to jointly invest in two oil fields shared between the two countries. Last month, Iraq’s Ambassador to Tehran, Rajih al-Mussawi, said his country was considering a plan to cooperate with Iran to develop the Azadegan oil […]

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Iran Starts Pumping Oil from Azar Joint Oilfield

Iran on Tuesday, March 14, began pumping 15,000 barrels/day of crude oil from Azar Oilfield which it shares with Iraq. Early production from the field, located in the border city of Mehran, began in a ceremony held in the presence of Iranian Minister of Petroleum Bijan Zangeneh. Azar Oilfield development project is aimed at production […]

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Iraq, Iran agree to Resolve Dispute on Joint Oil Fields

By Sara al-Qaher for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  On Feb. 20, the Iraqi Oil Ministry signed a memorandum of understanding with the Iranian Oil Ministry to settle disputes over the joint oil fields and examine the possibility of building […]

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Iran, Iraq Negotiate Joint Oil Projects

Minister of Petroleum Bijan Zangeneh said he hopes that Iran and Iraq will be able to reach agreement on joint projects during the on-going visit by a delegation from the Iraqi Oil Ministry. He made the remarks during a meeting with visiting Deputy Minister for Gas Refineries at the Ministry of Oil, Fayaz Hassan, on […]

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Iran to up Oil Output at Joint Iraq Fields

By John Lee. Iran‘s Minister for Petroleum, Bijan Nadar Zangeneh (pictured), has revealed plans to increase production at the country’s western joint fields with Iraq by 200,000 bpd. The increase will happen over the next eight months and “surge to 700,000 bpd in the years to come”, according to a report from PressTV. Iran has […]

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Iran to Add Rigs at Shared Oilfield

The First Deputy Managing Director of the National Iranian Drilling Company (NIDC) said the company will add two more drilling rigs to the development project at South Azadegan oilfield, which is shared between Iraq and Iran. Mohammad Reza Takayedi told Shana that NIDC has been tasked with drilling operations of 40 wells in a 24-month […]

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