Tag Archives: Iranian Ministry of Petroleum

IPC is the first Iranian oil contract that clearly stipulates a role for domestic oil and gas equipment manufacturers.

Top priority has been assigned to developing joint oil and gas fields because our neighbors are drawing from the underground resources at a rapid pace.

Plans are in place to increase the number of liquefied petroleum gas carriers to help NIOC establish a foothold in the global market.

The Islamic Republic of Iran endorses the expansion of relations with France in political. economic and international fields.

Total will operate the SP11 project with a 50.1% interest. while Iranian Petropars company will have a share of 19.9% and the Chinese CNPC 30%.

In the time since the nuclear deal. Iran has seen success in other business ventures.

South Pars is part of the world'.s largest gas field which is shared with neighboring Qatar.

Iran’s daily production of crude oil surpassed 3.9 million barrels last month.

ONGC Videsh and Indian Oil each own 40 percent interest in the Farsi block that holds Farzad-B field. while Oil India has 20 percent.

An estimated $2 billion in projects are underway to expand the natural gas network to 46 small towns and 5.000 villages by the end of the current fiscal year.