The new oil and investment contract for international firms. known as the IPC. will replace Iran’s buyback oil deals.
Read More »76% Progress in Kish Gas Field Drilling
Drilling and development of joint oil and gas fields is among priorities of Iranian oil industry.
Read More »Japan’s Inpex Praised for Iran`s Azadegan Oil Project
There is no conflict between Iran and Japan over Azadegan.
Read More »Tehran to Hold 1st IPC Tender in January
The new IPC has more flexible terms that take into account oil price fluctuations and investment risks.
Read More »Iran’s Energy Sector 2016: The Notable Events
Major European companies including Royal Dutch Shell. BP. Total and Eni resumed buying Iran'.s crude oil last year as Iran ramped up oil sales to its traditional customers in Asia.
Read More »Oil Giants Likely to Join Hands in Iranian Industry
The official expounded that the recovery factor in the two joint fields is intended to climb from the current 5.5 or 6 to approximately 20 per cent.
Read More »Oil Giants Eager to Cooperate in Development of Iran`s Key Oilfields
Manouchehri estimated that the first tender to develop South Azadegan oil field will be invited in the first quarter of 2017.
Read More »NIOC. Tenco Ink MoU to Study Oil. Gas Fields
Russia'.s Lukoil and Malaysia'.s oil giant Pertamina are also conducting surveys on AbTeymour and Mansouri Oilfields.
Read More »