Companies

35 contracts have been inked with European sides for taking out leases on 35 Iranian tankers.

The agreement was signed in Ahvaz by Tony Bowman. Schlumberger'.s president for production management.

SOCAR produced 6.27 billion cubic meters of gas from the country’s offshore and onshore fields using its own funds in 2016.

Iran used to sell around 800.000 bpd to European buyers before the tightening of international sanctions in 2011 and 2012.

Iran’s European customers purchase a total of 700.000 barrels of Iranian oil per day.

Under the contract. the company will supply compressor trains each comprising a Siemens STC-SV vertical split compressor for the processing plants.

This is Siemens'. first huge oil and gas order since the easing of sanctions in January 2016.

The tender is expected to raise at least $100 million.

Iran is developing the giant South Pars field in 24 phases.

Iran foresees no challenge in forming oil cooperation with America as positive signs can be already seen in this regard.