Tag Archives: Petropars

Iranian Oil Ministry has started new initiatives to support domestic manufacturers by guaranteeing to purchase their quality items needed in the oil industry.

An investment of $75 million was to be made in the project by tapping the domestic resources of NIOC in the first phase.

The Iranian oil company Patropars was awarded the engineering. exploration and basic design sections of Farzad B Gas Field Development Project.

Development of three oilfields in Iran has been assigned to a domestic company. CEO of the firm. which is a subsidiary of the National Iranian Oil Company announced.

The IOEC signed an initial agreement with the NIOC to explore oil and gas in block Bamdad in the Persian Gulf. the Ministry of Petroleum’s news outlet disclosed today.

Iran has ended cooperation with the Chinese CNPC company after lagging in completion of the development of the phase 11 of South Pars oil and gas field. Oil Minister Bijan Namdar Zanganeh announced.

Iranian oil minister Bijan Zanganeh said Sat. the France-proposed $15 billion credit line for Iran has nothing to do with the easing of US sanctions on the country.

Iranian Oil Minister Bijan Zanganeh said that US sanctions have failed to stop Iran’s oil industry.

Belal. a field shared with Qatar. straddles the maritime boundary between Iran and Qatar in the Gulf.

An official with the National Iranian Oil Company (NIOC) said that the development project of South Pars Phase 11 would commence this Iranian calendar year (ending on March 20).