Lukoil, Total negotiating with Iran for development of oil fields
Managing Director of National Iranian Oil Company Rokneddin Javadi said on Saturday that Russian Lukoil and French Total are involved in negotiations with NIOC on development of certain oil fields. ‘China is strategic partner of Iran to develop oil field and after sanctions, NIOC will continue cooperation with Chinese companies,’…
Commander: Iran Navy guarantees maritime security, economy
Navy Commander Rear-Admiral Habibollah Sayyari said on Saturday that Navy guarantees maritime security and economy security for merchant ships in line with the International Law of Sea. He said that the Navy of the Islamic Republic of Iran is present in the international seas serving safety of sea transportation from…
New Iran oil contracts unveiled in presence of 137 int’l companies
Some 137 companies from various countries attended an international conference in which new Iranian oil contracts were unveiled at the Oil Ministry on Saturday. The conference which was held in Saturday in Tehran received the broad attention of the international oil and gas companies to an extent that some major…
Stability, Security areadvantages of investment in Iran oil industry
Head of Majlis Energy Committee Ali Marvi said on Saturday that stability and security of Islamic Iran are the advantage of foreign investment in Iranian oil industry. He made the remarks in his statement to the Seminar on Introducing new IPC oil contract. Marvi said the basic conditions for oil…
70% of Iran’s energy reserves untapped
Managing director of the National Iranian Oil Company (NIOC) said more than 70 percent of Iran’s enormous oil and gas reserves are yet to be developed and Iran Petroleum Contract (IPC) conference offers an excellent opportunity for developing the country’s energy reserves. Addressing a conference in Tehran to introduce Iran’s…
Iran oil sector open to US companies, says oil minister
The ground is prepared for the engagement of US companies in Iran’s oil industry, says Iran’s Oil Minister Bijan Namdar Zangeneh. There is no opposition or problem about the presence of the US companies in Iran’s oil sector, Zangeneh said on the sidelines of the conference on unveiling the new…
Iranians wary as Europe rushes for trade
A delegation of about 370 Italian traders is expected to arrive in Tehran on Saturday to discuss business opportunities in a country which is about to emerge from Western sanctions. Representatives of medical, green energy, automobiles, construction and manufacturing industries will be visiting Iran for three days. Delegates include executives…
Iran, Russia sign 1.2 billion euro railway deal
Iran and Russia have signed an agreement worth 1.2 billion euros to electrify a train line, linking north-central Iran to the northeastern border with Turkmenistan, an official says. The agreement signed between Russian Railways and the Islamic Republic of Iran Railways (RAI) envisages constructing power stations and overhead power lines…
Luxembourg interested in economic investment in Iran: Senior Official
Visiting Luxembourg Foreign Minister Jean Asselborn met with Majlis Speaker Ali Larijani here on Wednesday afternoon. In the meeting, Asselborn expressed pleasure for his visit to Iran and said that we hope sanctions could be lifted soon and relations of countries with Iran expanded and Luxembourg is very interested in…
New contract formats for energy deals next week
Minster of oil announced here that new contract formats, generally referred to as Iran Petroleum Contracts (IPC), for energy deals will be introduced on November 28-29. With the help of the new contracts some problems of the oil industry will be solved, Bijan Namdar Zangeneh said. It is predicted that…
