Companies

The tender is organized by National Iranian Oil Company (NIOC).

SOCAR drilled 11.150 meters in January 2017. as compared to 9.810 meters in the same month of 2016.

Iran can draw on Pertamina'.s experience in this field.

An MoU had been inked with Pertamina over boosting recovery factor in two oilfields.

Lukoil is actively looking for growth opportunities in the Middle East.

Iran aims to grow gas output to 1 trillion cubic metres by 2018. up from 160.5 billion cubic metres in 2012.

Russian companies have begun the construction of two new nuclear power plants in south Iran.

The giant South Azadegan oilfield that is shared with Iraq. will be the first field to be tendered.

Iran is paying only 15% of the prices. while the rest will be covered by global financing firms.

The purchases will be carried out via Promsirieimport. a trading unit of Russia'.s Energy Ministry.