IRAN
Large Onshore Gas Field Discovered in Iran
The field is estimated to hold 19 Tcf, of which 13 Tcf is recoverable, NIOC reported 14 October.
Global Oil Industry Turns its Attention to Volatile Strait of Hormuz
Reports 20 June that Iran shot down a US Navy drone over the Strait of Hormuz—the global oil market’s most critical transit point—exacerbated tensions in the region following a pair of attacks on oil tankers in the Gulf of Oman just a week earlier.
Total Prepares Exit from Big Iran Project as US Sanctions Renewed
The US re-imposing sanctions on Iran has prompted Total to consider dropping its stake in a project designed to bolster output from the world’s largest gas field.
Iran Opens Field Investment to Global Bidders
Iran’s national oil company is offering investment opportunities in 50 fields to global bidders, its first effort to do so since the 2015 pact with world powers that lifted nuclear-related sanctions against the country.
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