USD 73.0156

-0.12

EUR 86.7717

-0.22

BRENT 73.17

+0.09

AI-92 45.9

+0.16

AI-95 49.84

+0.21

AI-98 57.25

+0.78

Diesel 49.88

+0.1

1570

Iranian NIOC inks deals worth €1.2 billion to boost oil output

In August 2020, NIOC signed 13 deals worth €1.527 billion with domestic companies.

Teheran, Janaury 12 - Neftegaz.RU. The National Iranian Oil Company (NIOC) signed 8 deals worth €1.2 billion with domestic companies for developing the Iran’s oil fields. The deals were signed in a ceremony attended by senior oil industry officials including the Oil Minister Bijan Zanganeh.

The mentioned contracts were inked by 2 NIOC subsidiaries namely the Iranian Offshore Oil Company (IOOC) and the National Iranian South Oil Company (NISOC), as employers, and 8 domestic companies for the maintenance of the production level and increasing recovery factor of several oil fields.

The awarded fields are located in various provinces including Bushehr, Fars, Khuzestan, Kohgiluyeh-Boyer Ahmad as well as Hormozgan provinces. Accordingly, 7 contracts for the development of Golkhari, Gachsaran 3 and 4, Binak, Bibi Hakimeh, Soulabdar, and Lali Bangestan were signed with:
  • Sina Energy Development
  • Iranian Offshore Engineering and Construction Company
  • Petroiran Development
  • Mashin Sazi Arak
  • Qeshm
  • Maroun Oil and Energy Consortium
  • National Iranian Drilling Company (NIDC)
  • Jahanpars engineering and construction company
Ahvaz 2, 3, and 5 and Reshadat projects were also awarded to the Khatam-al Anbiya Construction Headquarters.

Since the reimposition of the U.S. sanctions, the Iranian Oil Ministry has been following a new strategy to encourage the country’s private sector to have a stronger role in the development of the country’s oil industry.

In this regard, NIOC has awarded several exploration and development projects to capable domestic companies in the past 2 years.

Back in August 2020, NIOC signed 13 deals worth €1.527 billion with domestic companies aiming to add 185,000 barrels per day to the country’s oil production capacity.

Source : Neftegaz.RU


Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru