iran

Iran's Research Institute of Petroleum Industry and France's Oil Industry Institute signed an agreement on research cooperation in oil industry. According to IRNA news agency, The agreement was signed by Head of RIPI, Hamid Reza Katozian and Managing Director of IFP Group, Didier Houssin, on Tuesday July 19th. According to the agreement the two sides will cooperate in the field of upstream and downstream oil industry, enhanced oil recovery (EOR), reservoirs study, gas desalination and reduction of environmental pollution. Katozian emphasized iran’s plan for expanding its international cooperation in oil…

Iran plans to double crude exports so long as the increase in shipments is absorbed by global markets, which it sees as stable for the rest of the year, according to a senior official at state-run National Iranian Oil Co. The country is exporting about 2 million barrels of its daily output of 3.8 million, said Mohsen Ghamsari, NIOC’s director of international affairs. It has regained about 80 percent of the market share it held before the U.S. and European Union tightened sanctions on its oil industry in 2012, he…