Iran needs 200 billion dollar investment to develop oil industry which should be supplied through foreign sources.
Read More »Iran Studies Maersk Proposal for South Pars Oil Layer
Tehran plans to develop the South Pars oil layer under the framework of Iran Petroleum Contract.
Read More »Iran Denies Concessions in New Petroleum Deals
Concluding Contracts with topnotch firms can positively impact the country'.s economy in the long run.
Read More »3 South Pars Phases Join Gas Grid in August
South Pars is the world'.s largest gas field. shared between Iran and Qatar.
Read More »Total Pact to Be Reviewed in Iran Parliament
Total will operate the SP11 project with a 50.1 percent interest. while Iranian Petropars Company and the Chinese CNPC will have a share of 19.9 and 30 percent. respectively.
Read More »Total Deal. Signifies Iran`s Importance for Oil Giants
The 4.8 billion-dollar deal is the first major gas and oil agreement since anti-Iran sanction relief.
Read More »Iran Open to Work with US Companies
The BP head said that the company would spend $15 billion in projects this year. and in 2018 and 2019.
Read More »New Iran Commission to Oversee Total Gas Deal
The deal with Total increases Iran'.s energy security and is likely to encourage other foreign companies to invest in Iran.
Read More »Oil Minister Defends Gas Deal with Total in Parliament
Total holds a 50.1 interest in the South Pars project with state-owned China National Petroleum Corporation owning 30 percent and Iran’s Petropars 19.9 percent.
Read More »Iran Expects Sharp Increase in Gas Output. Exports
France'.s Total signed a deal earlier this month to help Iran increase gas output from the giant South Pars gas field. which the country shares with Qatar.
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