Tag Archives: National Iranian Oil Co. (NIOC)

Lukoil is actively looking for growth opportunities in the Middle East.

The giant South Azadegan oilfield that is shared with Iraq. will be the first field to be tendered.

Condensate output is slated to reach 1 million barrels a day upon the launch of all phases of South Pars.

Karan holds an estimated 9.6 billion barrels of in-place oil.

Total will raise gas production from Phase 11 to around 51 million cubic meters per day in 20 years.

NIOC'.s priority is signature of deals under the new framework of oil contracts.

Commitments in the energy sector include Pertaminas plan to invest there as well as gas imports.

SOCAR suggested proposals to Iran on oil swap and this issue is being considered.

The new IPC'.s donate further advantages to Iranian companies that are joint in tenders to facilitate the transfer of technology and resources.

It is the first time Belarus has bought Iranian crude oil.