Tag Archives: National Iranian Oil Co. (NIOC)

Iran has modified its petroleum contract model. ending a decades old buy-back system that barred foreign firms from booking reserves or taking equity stakes.

Iran and Russia signed several agreements to promote cooperation over energy issues during President Putin’s visit.

Total is awaiting a US Congress decision on whether the Iran nuclear agreement is in line with the American interests. Pouyanne said last month.

The parties have agreed upon the main principles of Rosneft’s participation in projects in the Islamic Republic of Iran and approved the path forward plan.

China was the main importer of the Iranian goods during the 7-month period.

Total has a 50.1 percent share in the 20-year deal. The state-owned China National Petroleum Corp. has a 30 percent stake and Iran’s Petropars has 19.9 percent.

Russia will pay half of the oil money in cash in euro and the other half in the form of goods and equipment.

Imports to Japan. which announced official figures on Tuesday. were down by more than 30 percent at a bit less than 216.000 bpd.

Azar. with an extraction rate of 16%. is one of the joint fields with Iraq. along with Dehloran. West Paydar. Naft-Shahr. Azadegan and Yadavaran.

A total of 12.500 drill pipes and 1.800 drill collars will be delivered to NIOC.