Tag Archives: Iranian Private Sector Companies

The BP head said that the company would spend $15 billion in projects this year. and in 2018 and 2019.

The deal with Total increases Iran'.s energy security and is likely to encourage other foreign companies to invest in Iran.

Total holds a 50.1 interest in the South Pars project with state-owned China National Petroleum Corporation owning 30 percent and Iran’s Petropars 19.9 percent.

France'.s Total signed a deal earlier this month to help Iran increase gas output from the giant South Pars gas field. which the country shares with Qatar.

Iran’s annual petrochemical production capacity stands at 62 million tons and by the end of this year.

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

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

This contract will send a strong political message to the world especially at the time that the Americans have adopted a confrontational course (against Iran).

The deal includes 30 wells and two production units.

The international contract for development of Phase 11 of South Pars in the framework of IPC will be signed on Monday.