Iran Petroleum Contracts to bring more revenue than buy-back: CEO
Managing Director of the Iranian Offshore Oil Company (IOOC) Saeid Hafezi said Iran’s new contract models for investment in development of oil and gas fields can generate higher revenues compared to buy-back contracts. “The Iran Petroleum Contract (IPC) Conference was successful in achieving the objectives of introduction of contracts, potentials,…
Norwegian firm welcomes Tehran IPC conference
The representative of Kvaerner ASA, Norwegian engineering and construction services company, said the wide welcome of the Tehran IPC Conference heralds a bright future for Iran’s petroleum industry. Speaking with Shana on the sidelines of the two-day conference which was mounted by Iranian Ministry of Petroleum to introduce the terms…
Turkish investors ready to build $6bn petchem project in Iran
Managing Director of Maku Free Trade Zone said Turkish companies have expressed their interest to construct a $6bn petrochemical project in the Iranian northwestern city of Maku. ‘The Turkish investors have voiced their preparedness to fully construct the project which is estimated to cost 6 billion dollars for its construction,’…
Iran to host IPF conference in two weeks
Iran is set to host an international forum on investment in its petrochemical sector in the middle of December. “The conference will be held to introduce opportunities for investment in Iran’s petrochemical industry and to discuss available grounds for the attraction of foreign direct investment after sanctions imposed on Iran…
Pakistani minister: Iran gas pipeline best option
Pakistani Minister for Petroleum and Natural Resources Khaqan Abbasi has said that Iran gas pipeline project remains the best option for Pakistan. Mr. Abbasi and Energy Minister Khawaja Mohammed Asif on Tuesday inaugurated a two-day seminar in Washington, highlighting business opportunities in the clean energy sector in Pakistan, according to…
Iran boosts recovery from Reshadat oilfield
Iran’s Offshore Oil Company (IOOC) has boosted extraction of crude oil from Reshadat oilfield by 4,500 bpd. The boost has come after downhole operations at four of the field’s wells were finalized, said Abbas Rajab Khani, an IOOC official responsible for the field. He said launching the CR-10 development well…
Croatian oil firm welcomes Iran new approach to foreign investment
Representative of the Croatian oil firm INA said convention of the Iran Petroleum Contract (IPC) Conference in Tehran on November 28-29 was a new and positive move by the National Iranian Oil Company (NIOC) toward international companies. “My feeling is that the conference is desirable progress and demonstrates the new…
Official: Iran offers land to Lebanese investors to build hotel
Head of Trade Development Organization of Iran (TDOI) Valiollah Afkhamirad said that Lebanon has made good progresses in the field of tourism, hotel building and travel services, adding that Iran is ready to offer necessary lands to Lebanese investors to build hotel at Tehran International Fairground. He made the remarks…
India expresses interest in preferential trade agreement with Iran
India has evinced interest in signing a preferential trade agreement with Iran once international sanctions on the Persian Gulf nation are lifted. This will be India’s first trade agreement with a country in West Asia and offer it a foothold to tap other markets in the region, reports the Economic…
IPC conference wraps up
Representatives from 137 petroleum firms attended the Iran Petroleum Conference (IPC) in Tehran from November 28-29. The participants were introduced with the outlines of a new model of contracts that the Islamic Republic will be offering after the removal of Western sanctions. Iran pitched 52 oil and gas development projects…
