Tag Archives: National Iranian Oil Co. (NIOC)

Iran is developing the giant South Pars field in 24 phases.

Preparation of the draft of oil deals has made 90% progress and the documents will be most likely ready by next week.

OMV has a long lasting partnership with Iran and entered the country in 2001.

NIOC says a second list of qualified companies will be made available soon.

It was decided during the meeting that majority of members curtail production by a combined amount of 1.2 million barrels.

The NIDC owns 75 light. heavy and ultra-heavy onshore and offshore drilling rigs.

Resources from the National Development Fund of Iran (NDFI) and OIEC are being tapped to complete the project.

NIOC has widened the scope of exploration activities in the Persian Gulf.

The output of the new plant will be produced from associated gas.

Shell and Total have signed agreements to invest in gas resources offshore Iran.