Russia’s state-owned Rosgeologia is in talks with Zarubezhneft. Gazprom Neft and Lukoil on joint implementation of projects in Iran.
Read More »NISOC Set to Finalize First IPC-Based Deal by March
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.
Read More »Russian Oil Giants Submit Plans to Develop Iran`s Oilfields
Lukoil and Indonesia’s Pertamina individually proposed plans to develop the Bangestan reservoir of the Mansouri oil field southeast of Ahwaz.
Read More »Iran Trilateral Energy Deal to Boost Foreign Participation. Market Access
According to SHANA. the new oil deals based on Iran Petroleum Contract (IPC) is expected to replace buy-back contracts.
Read More »Despite New U.S. Sanctions. Russian Oil Traders Business as Usual
Several Russian banks are already subject to U.S. and European Union sanctions.
Read More »Turkey`s Unit International Signs $7bn Deal to Develop Gas and Oil Fields in Iran
According to Unit. the production expected from the unnamed Iranian gas field is 1.5 times the 50 billion cubic meters of gas imported each year by Turkey.
Read More »Turkey`s Unit International. Russia`s Zarubezhneft and Iran`s Ghadir Sign Drilling Deal
The natural gas extracted from the drilling will be equal to 1.5 times the 50 billion cubic metres of gas Turkey imports annually.
Read More »Iran`s 33 Oil MoUs in Post-Sanction Era
Iran needs 200 billion dollar investment to develop oil industry which should be supplied through foreign sources.
Read More »India`s Essar Imports of Iranian Crude Top 186000 bpd in May
Iran needs foreign investment for repairs and upgrading of its oil and gas fields.
Read More »Tehran. Moscow in Warm Oil Talks
Iran has so far signed memoranda of understanding (MoUs) with four Russian companies for developing its oil and gas fields.
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