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Iran Ranks 1st in World Oil and Gas Discovery in 2019

The National Iranian Oil Company (NIOC) ranked first among the world’s largest oil companies in terms of total oil and gas discovery in 2019, with the discovery of 4.973 billion barrels of equivalent hydrocarbon reserves.

Seyed Saleh Hindi, Director of Exploration of the National Iranian Oil Company, stated in a letter to Massoud Karbasian, CEO of the company: “The National Iranian Oil Company is the number one oil and gas discovery in the world.”

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Sinopec pushed into its first half-year loss by corona virus pandemic

by: Mohammad Hossein Aghabozorg