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Aghajari Oil Field
The Aghajari oil field is an iranian oil field located in Khuzestan Province. It was discovered by Anglo-Persian Oil Company in 1938 and developed by National Iranian Oil Company. It began production in 1940 and produces oil. The total proven reserves of the Aghajari oil field are around 30 billion barrels (3758×106tonnes), and production is centered on . The field is owned by state-owned National Iranian Oil Company (NIOC) and operated by National Iranian South Oil Company (NISOC). Aghajari Gas Injection Project Aghajari Gas Injection Project is the world’s biggest enhanced oil recovery) project to be inaugurated in Iran in late 2008. The reservoir dimension of Aghajari fields is 56×6 km with the original oil-in-place of and 10.2 billion barre ... is aimed at boosting production from this aging field. References Oil fields of Iran {{oilfield-stub ...
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Iran
Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmenistan to the north, by Afghanistan and Pakistan to the east, and by the Gulf of Oman and the Persian Gulf to the south. It covers an area of , making it the 17th-largest country. Iran has a population of 86 million, making it the 17th-most populous country in the world, and the second-largest in the Middle East. Its largest cities, in descending order, are the capital Tehran, Mashhad, Isfahan, Karaj, Shiraz, and Tabriz. The country is home to one of the world's oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BC. It was first unified by the Medes, an ancient Iranian people, in the seventh century BC, and reached its territorial height in the sixth century BC, when Cyrus the Great fo ...
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Khuzestan Province
Khuzestan Province (also spelled Xuzestan; fa, استان خوزستان ''Ostān-e Xūzestān'') is one of the 31 provinces of Iran. It is in the southwest of the country, bordering Iraq and the Persian Gulf. Its capital is Ahvaz and it covers an area of . Since 2014, it has been part of Iran's Region 4. Historically, one of the most important regions of the Ancient Near East, Khuzestan is what historians refer to as ancient Elam, whose capital was in Susa. The Achaemenid Old Persian term for Elam was ''Hujiyā'' when they conquered it from the Elamites, which is present in the modern name. Khuzestan, meaning "the Land of the Khuz", refers to the original inhabitants of this province, the "Susian" people (Old Persian "Huza" or ''Huja'', as in the inscription at the tomb of Darius the Great at Naqsh-e Rostam). They are the Shushan of the Hebrew sources where they are recorded as "Hauja" or "Huja". In Middle Persian, the term evolves into "Khuz" and "Kuzi". The pre-Islamic Par ...
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National Iranian South Oil Company
The National Iranian South Oil Company (NISOC) ( fa, شرکت ملی مناطق نفت‌خیز جنوب ایران, ''Shirkat-e Mily-e Minatâq-e Nuftxiz-e Jinvâb-e Iran'') is a government-owned corporation under the direction of the Ministry of Petroleum of Iran, and operates as a subsidiary of National Iranian Oil Company. NISOC is incorporated 1971 in Masjed Soleyman, Khouzestan as Oil Service Company of Iran (OSCO). Currently NISOC is Iran's biggest oil producer, and produce 3 million barrels of oil per day. the company is active in a land area more than 400,000 km2 with headquarters in Ahvaz. NISOC is producing about 83% of all crude oil and 17% of natural gas produced in Iran and ranks as the Iran's biggest oil company. National Iranian South Oilfields Company, through its subsidiaries, produces crude oil, gas, and liquefied gases. The company's reserves portfolio include Ahvaz Field (the world's 3rd largest oil field) and in charge of onshore giant oilfields in I ...
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National Iranian Oil Company
The National Iranian Oil Company (NIOC; fa, شرکت ملّی نفت ایران, Sherkat-e Melli-ye Naft-e Īrān) is a government-owned national oil and natural gas producer and distributor under the direction of the Ministry of Petroleum of Iran. NIOC was established in 1948 and restructured under The Consortium Agreement of 1954.Iran's foreign trade report
Iran Trade
NIOC ranks as the world's second largest , after 's state-owned

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Miocene
The Miocene ( ) is the first geological epoch of the Neogene Period and extends from about (Ma). The Miocene was named by Scottish geologist Charles Lyell; the name comes from the Greek words (', "less") and (', "new") and means "less recent" because it has 18% fewer modern marine invertebrates than the Pliocene has. The Miocene is preceded by the Oligocene and is followed by the Pliocene. As Earth went from the Oligocene through the Miocene and into the Pliocene, the climate slowly cooled towards a series of ice ages. The Miocene boundaries are not marked by a single distinct global event but consist rather of regionally defined boundaries between the warmer Oligocene and the cooler Pliocene Epoch. During the Early Miocene, the Arabian Peninsula collided with Eurasia, severing the connection between the Mediterranean and Indian Ocean, and allowing a faunal interchange to occur between Eurasia and Africa, including the dispersal of proboscideans into Eurasia. During the ...
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Cretaceous
The Cretaceous ( ) is a geological period that lasted from about 145 to 66 million years ago (Mya). It is the third and final period of the Mesozoic Era, as well as the longest. At around 79 million years, it is the longest geological period of the entire Phanerozoic. The name is derived from the Latin ''creta'', "chalk", which is abundant in the latter half of the period. It is usually abbreviated K, for its German translation ''Kreide''. The Cretaceous was a period with a relatively warm climate, resulting in high eustatic sea levels that created numerous shallow inland seas. These oceans and seas were populated with now- extinct marine reptiles, ammonites, and rudists, while dinosaurs continued to dominate on land. The world was ice free, and forests extended to the poles. During this time, new groups of mammals and birds appeared. During the Early Cretaceous, flowering plants appeared and began to rapidly diversify, becoming the dominant group of plants across the Earth b ...
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Jurassic
The Jurassic ( ) is a Geological period, geologic period and System (stratigraphy), stratigraphic system that spanned from the end of the Triassic Period million years ago (Mya) to the beginning of the Cretaceous Period, approximately Mya. The Jurassic constitutes the middle period of the Mesozoic, Mesozoic Era and is named after the Jura Mountains, where limestone strata from the period were first identified. The start of the Jurassic was marked by the major Triassic–Jurassic extinction event, associated with the eruption of the Central Atlantic magmatic province, Central Atlantic Magmatic Province. The beginning of the Toarcian Stage started around 183 million years ago and is marked by an extinction event associated with widespread Anoxic event, oceanic anoxia, ocean acidification, and elevated temperatures likely caused by the eruption of the Karoo-Ferrar, Karoo-Ferrar large igneous provinces. The end of the Jurassic, however, has no clear boundary with the Cretaceous and i ...
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Iran
Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmenistan to the north, by Afghanistan and Pakistan to the east, and by the Gulf of Oman and the Persian Gulf to the south. It covers an area of , making it the 17th-largest country. Iran has a population of 86 million, making it the 17th-most populous country in the world, and the second-largest in the Middle East. Its largest cities, in descending order, are the capital Tehran, Mashhad, Isfahan, Karaj, Shiraz, and Tabriz. The country is home to one of the world's oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BC. It was first unified by the Medes, an ancient Iranian people, in the seventh century BC, and reached its territorial height in the sixth century BC, when Cyrus the Great fo ...
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Oil Field
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (potentially linked) reservoirs, trapped as it rises by impermeable rock formations. In industrial terms, an o ...
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Anglo-Persian Oil Company
The Anglo-Persian Oil Company (APOC) was a British company founded in 1909 following the discovery of a large oil field in Masjed Soleiman, Persia (Iran). The British government purchased 51% of the company in 1914, gaining a controlling number of shares, effectively nationalizing the company. It was the first company to extract petroleum from Iran. In 1935 APOC was renamed the "Anglo-Iranian Oil Company" (AIOC) when Reza Shah Pahlavi formally asked foreign countries to refer to Persia by its endonym ''Iran''. In 1954, it was renamed again to the "British Petroleum Company", one of the antecedents of the modern BP public limited company. The government of Mohammad Mosaddegh nationalized the company's local infrastructure assets and gave the new company the name National Iranian Oil Company. The D'Arcy oil concession Exploration and discovery In 1901, William Knox D'Arcy, a millionaire London socialite, negotiated an oil concession with Mozaffar al-Din Shah Qajar of Persi ...
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Financial Tribune
Financial Tribune is a non-governmental newspaper in Iran opened in 2014. Its purpose is to cover a variety of political, economic, technology, and social stories. Though it covers a wide gamut of issues, the main focus of the newspaper is on commerce, in particular news/views related to promoting private enterprise in the economy.  Profile The ''Financial Tribune'' editor-in-chief is Khosro Ghadiri, the paper's Senior editor is Amin Sabooni, formerly the editor-in-chief of '' Iran Daily'' newspaper. Pouya Jabal Ameli is the senior economic analyst of the newspaper. ''Financial Tribune'' licence holder is "Donyay-e Eqtesad Media Group" and its owner is Alireza Bakhtiari who also runs the ''Donya-e-Eqtesad'' newspaper, '' Tejarat-e-Farda'' magazine and Eghtesad News website. As of 2014, the ''Financial Tribune'' main headquarters are located in the central business district in Iran's capital Tehran. The newspaper covers a host of up-and-coming sectors in Iran's economy. In re ...
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Proven Reserves
Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil reserves, natural gas reserves, and coal reserves. It is defined as the " antity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known reservoirs with the existing equipment and under the existing operating conditions." A reserve is considered proven if it is probable that at least 90% of the resource is recoverable by economically profitable means. Operating conditions are taken into account when determining if a reserve is classified as proven. Operating conditions include operational break-even price, regulatory and contractual approvals, without which the reserve cannot be classified as proven. Price changes therefore can have a large impact on the classification of proven reserves. Regulatory and contractual conditions may change, and also affect the am ...
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