Tag Archives: Iranian Ministry of Petroleum

The investment includes $5.8 billion for developing Farzad B and another $5 billion to build a facility to liquefy the gas and export it as liquefied natural gas (LNG).

Tehran is looking to increase its crude output. and with 37 billion barrels of oil. the Azadegan field is Iran’s largest. shared with neighboring Iraq.

Issues related to the Meghri hydropower plant program and Armenia-Iran-Turkmenistan trilateral cooperation were also discussed during the meeting.

Tehran has signed a raft of agreements with the likes of Eni. Shell. Schlumberger. Lukoil. Wintershall and OMV to study and potentially develop its massive oil and gas deposits.

Based on the agreement. the French company would cooperate with Iran'.s Samin Sazeh over the project.

NISOC'.s contractual model conforms to the outlines of IPC. such as terms of 20-25 years and higher rewards for riskier projects. but differs in specifics.

9th Specialized Exhibition of Domestic Manufacturing Oil Industry Equipment

Calculations show that it could take about a month for a cargo ship to sail from the Middle East to a port in Argentina.

Nematzadeh. 72. served as the minister of industries. mining and trade between 2013 and 2017 during the first term of Hassan Rouhani as president.

Several other foreign companies have been invited for South Pars oil venture but none have given a decisive answer.