Tag Archives: Iranian Private Sector Companies

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.

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.

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

In fiscal 2016-17. gas production from South Pars increased to 520 mcm d. up more than 150 mcm d compared with the previous year.

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

There is intense competition across the world to attract foreign investment. but the assets are limited while competition for absorbing them is high.

Iran is developing the mega gas project in 24 phases. of which 19 have already gone on stream.

France’s Total signed a deal with Tehran last month to develop phase 11 of South Pars.

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