EghtesadOnline: Iranian Oil Minister Bijan Namdar Zanganeh said three oilfields are top priority for tenders based on IPC (Iran’s new model of oil contract), Tasnim news agency reported on Saturday.
EghtesadOnline: Iranian Minister of Petroleum Bijan Zangeneh says the newly-devised model of oil contracts requires presence and partnership of Iranian companies in oil and gas projects besides foreign developers.
EghtesadOnline: New oil and gas contracts with international energy majors is a unique opportunity for domestic manufacturers of oil and gas equipment to enhance their managerial and financial capacities and establish joint ventures to expand their business overseas, the head of the Society of Iranian Petroleum Industries Equipment Manufacturers said.
EghtesadOnline: The shadow of political disputes hanging over the development of Iran's massive hydrocarbon deposits and its new model of oil contracts will seriously undermine national interests, the deputy oil minister for international affairs said.
EghtesadOnline: Total Chief Executive Patrick Pouyanne who is preparing to sign a major gas contract with Iran has hailed the country’s new format of oil sector agreements as “a real improvement”.
EghtesadOnline: Respected energy expert and economist Ali Shams Ardekani has pleaded with the government not to waste precious time in finalizing oil and gas deals with international majors despite the opposition from his political opponents who are against opening up the economy and energy sectors to foreign investment.
EghtesadOnline: Minister of Petroleum Bijan Zangeneh announced that Iran and the French oil giant Total are in the final stage of signing a contract on the development of the Phase 11 of South Pars and it will be signed before the end of work of the 11th government.
EghtesadOnline: Iran is well-positioned to sign major oil contracts by the end of the present fiscal in March, said Ali Kardor, chief executive officer of the National Iranian Oil Company.
EghtesadOnline: Restoring relations with oil majors and raising crude production top Iran Oil Ministry's priority list, Bijan Namdar Zanganeh, the oil minister, said.
EghtesadOnline: Austrian integrated oil and gas company, OMV, is expected to secure the development rights for an oilfield in the southern Khuzestan Province.