Tag Archives: Iranian Ministry of Petroleum

Officials say the partnership of domestic companies with oil majors will gradually enhance the technical and managerial know-how of Iranian firms.

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

The country aims to raise output to over 1 billion cubic meters by March 2018.

In the current calendar year to March 2018. the completion of four projects which had remained incomplete will add two million tonnes to the country'.s petrochemical production capacity.

The fund is expected to raise $100 billion a year by 2020. with developed nations to make the most contributions.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

Pertamina and NIOC signed a memorandum of understanding (MoU) to carry out a preliminary study on the oil and gas fields.

One of the key achievements of 11th administration was signing a nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) that increased investment in oil. gas and renewables sector.

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.

Talks revolve around the transfer of technology and investments in several petrochemical projects in Iran.