Tag Archives: National Iranian Oil Co. (NIOC)

The giant South Azadegan Oilfield near the Iraqi border has been singled out as the first field to be tendered under the new terms.

Iranian Offshore Oil Company is one of the largest offshore oil producers in the world.

Production from all oilfields is close to 300.000 barrels a day.

Maersk produces oil from the Danish and UK sections of the North Sea. Qatar. Algeria and Kazakhstan.

The company will allocate $1 billion to expand the fields in the first phase and if required.

The MoU was signed on the sidelines of Iran Oil Show 2017 in Tehran last Monday.

MAPNA is now busy implementing diversified energy projects in Algeria. Iraq. Oman and Indonesia.

Oil extraction from Azar joint field will reach 30.000 bpd in coming days.

NIOC endorsed qualification of 29 foreign E&.P firms to enter partnership with Iran under new oil contracts.

The oil show is the biggest energy exhibition in the Middle East in terms of the number of participants and size.