Irans parliament has given the go-ahead to the governmentto put a new oil contract model into effect, the Ministry of Petroleums Shana news agency reported on Saturday. The new formula,which has drawn criticism from some politicians and experts, was reviewed by a parliamentary panel but not voted by lawmakers. After examining the new contract ...

DUBAI, June 27 (Reuters) - The first of Iran's new oil and gas investment contracts for international companies will be launched this summer and will invite bids to develop 10-15 fields, oil minister Bijan Zanganeh was quoted by the SHANA news agency as saying. The Iran Petroleum Contract (IPC) is a cornerstone of the country's plan to raise crude ...

  TEHRAN, May 28 (Shana) -- The latest version of Iran Petroleum Contract(IPC) guarantees transfer of technology to Iran by foreign companies, a senior Ministry of Petroleum official said. Acting Deputy Minister of Petroleum for Engineering Mohammad Reza Moqaddam made the remarks in a meeting with representatives of exploration & production ...

TEHRAN, Dec. 23 (Shana) - A board member of the Iranian Oil, Gas, Petrochemical Products Exporters Association (OPEX) is upbeat over Iran Petroleum Contracts (IPC) saying the new contract models are outlined taking into account serving the national interests. They entail numerous benefits for both Iranian and foreign firms and many companies overseas ...

TEHRAN Sept. 30 (Shana) The Iranian cabinet approved the Petroleum Ministrys draft international contracts by endorsing the general terms, organization, and pattern of the new upstream oil and gas documents introduced as Iran Petroleum Contract (IPC). Increasing of oil and gas production capacity especially in joint fields, adoption of modern procedures,...

Tehran, Aug 7, IRNA - Iran will present new oil contracts at a London conference planned for December to increase recovery from its fields with the help of foreign companies, Oil Minister Bijan Namdar Zangeneh said. According to energy officials, Iran has identified nearly 50 oil and gas projects worth $185 billion for foreign investment, reported ...

TEHRAN (ISNA)- Iran plans to introduce dozens of oil projects worth 40 billion dollars in 2015 London Conference in February through unveiling a new contract known as Iran Petroleum Contract (IPC) in the event. "Some 50 projects worth 40 billion dollars will be introduced in London Conference," said Moshtaghali Gohari, Deputy Head of Integrated Planning ...

[caption id="attachment_132421" align="alignright" width="139"] Iran will not delay a much-anticipated conference to offer multinationals the rights to develop oil deposits, an oil official was reported.[/caption] Nov 25 (Reuters) - Iran will not delay a much-anticipated conference to offer multinationals the rights to develop oil deposits, an oil ...

TEHRAN, Oct. 08 (MNA) Irans oil minister has said ministry will send the bill to draft new oil contracts to government for approval. Bijan Namdar Zanganeh told reporters on Wednesday that the ministry also would hold a meeting in London Marriott Hotel County Hall to unveil new projects as investment packages for foreign interested investors during ...

TEHRAN May 21 (Shana)--The head of National Iranian Oil Company (NIOC) has said that Iran should modify the terms of oil contracts so as to benefit both contractor and host government. The contracts should be modified so as to guarantee profits for both contractor and host government while being invulnerable to market fluctuations, Rokneddin Javadi ...