Tag Archives: National Iranian Oil Co. (NIOC)

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.

9th Specialized Exhibition of Domestic Manufacturing Oil Industry Equipment

Nematzadeh. 72. served as the minister of industries. mining and trade between 2013 and 2017 during the first term of Hassan Rouhani as president.

Several other foreign companies have been invited for South Pars oil venture but none have given a decisive answer.

For the purposes of the memorandum. LUKOIL-Engineering and NIOC will set up exchange of data necessary to study the areas. and establish a joint working group.

According to Zanganeh. Tehran aims to sign 10 new oil deals by the end of the current fiscal year (March 20. 2018).

The organization has communicated the order to all the related companies since Wednesday. September 27.

Azar oilfield in Ilam Province has pumped over 4.5 million barrels of crude oil since it went into operation.

The country is aiming to raise oil output to around 4 million bpd by the end of the year and 4.5 million bpd within five years from around 3.8 million bpd in recent months.