Tag Archives: Gholamreza Manouchehri

Any investments would be favored by oil ministry.

Reacting to the Total’s statement. Iranian Oil Minister Bijan Namdar Zanganeh said Total will lose all of its investment if it pulls out of the deal.

Under the sanctions. Iran'.s oil output was slashed by nearly 40% as a handful of buyers shipped in about 1 million bpd of oil from the country under special waivers.

Iran has the potential to continue producing oil for at least a century.

Shell submitted a proposal for developing Azadegan and Yadavaran oilfields south of Iran last month.

Iran has so far signed MoUs with 4 Russian companies for developing its oil and gas fields.

Changouleh is located close to Iran’s border with Iraq and is among NIOC’s priority development projects.

NIOC and DNO signed memorandum of understanding (MoU) on November 17. 2016 for a survey on Changoleh oil field.

The deal for phase 11 of the field marked the first by a major global energy company signed with Iran since the easing of sanctions against Tehran in January 2016.

Under the terms of the deal. Iran’s Petropars is committed to finance the study phase of the project while Toyo of Japan will undertake financing of its executive phase.