Persian Gulf Holding or Mostazafan Foundation? Which one will win the development of the Kish gas field?

Persian Gulf Holding or Mostazafan Foundation? Which one will win the development of the Kish gas field?

After years of stagnation, ignorance, and uncertainty, the name of the Kish gas field is now on the lips again, and news indicates that the first phase of this field has been completed and it is ready to produce 28 million cubic meters of gas per day. But what has put the Kish gas field on the verge of a major change is the dire need for investment for the second, third, and even fourth phases; a project that requires about $8 billion in financial resources; meanwhile, rumors indicate that Persian Gulf Holding is the most serious option to enter this field.

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Iran invests $1 billion to purchase drilling rigs

Iran invests $1 billion to purchase drilling rigs

The CEO of the National Iranian Drilling Company announced an investment of $800 million from the National Iranian Oil Company's resources to purchase 15 onshore drilling rigs this year, and said: "About $200 to $300 million from the company's domestic foreign exchange resources will be allocated to supply ancillary equipment such as cementing pumps and nitrogen."
Increasing oil production in the Drood field

Increasing oil production in the Drood field

The director of the Khark operational area announced the remarkable success of the Iranian Offshore Oil Company's specialists in increasing oil production in the Durood field, saying: "This achievement, which came to fruition in the last days of Esfand 1403, coinciding with the anniversary of the nationalization of the oil industry, is the result of months of relentless efforts to launch a three-well gas supply project in this field."