Tag Archives | Mehran

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 […]

Iran, Romania sign $700m Energy Deal

By John Lee. Iranian Foreign Minister Mohammad Javad Zarif has signed an agreement with Romania to build a 1,000-megawatt power station near the Iraqi border. The project signed between Pichak Sanat Ilam Company of Iran and the Romanian side calls for investment of up $700 million, 70 percent of which will be sourced by the […]