SHANA Iranian oil industry has signed 13 contracts worth roughly 1.5 billion with 14 local firms to enhance and maintain oil production. The deals were signed on Monday morning in a ceremony held in Tehran between the Iranian Offshore Oil Company (IOOC) and the National Iranian South Oil Company (NISOC), as employers, and 14 Iranian companies as ...

SHANA -- Iranian Minister of Petroleum Bijan Zangeneh says over 6 billion dollars worth of oil contracts will be signed with local E&P, EPC and drilling companies next calendar year, beginning on March 21. Addressing a ceremony for signing Sepehr-Jofeir fields' development contract, the official said the Iranian Ministry of Petroleum has arranged ...

Press TV- Iran will sign three oil deals before the end of the current Persian year this month which will include operation of the fields for 20 years, Managing Director of the National Iranian Oil Company (NIOC) said on Saturday. North Azadegan is our first experience for development under the new Iran Petroleum Contract (IPC) model, Ali Kardor ...

SHANA - Iranian Minister of Petroleum Bijan Zangeneh strongly denied any oil-for-arms deals by Iran with another country, saying such claims are a mere lie. Addressing a press conference on Sunday, Mr. Zangeneh said, "This is a flat-out lie and there is no connection between Iran's oil sales and the purchase of weapons for the country." The official ...

Financial Tribune - Iran sees an unprecedented opportunity for international companies to operate in its oil industry, despite uncertainty over potential new sanctions from the United States, a deputy at the National Iranian Oil Company said. If we can overcome the challenge of investment and technology, Iran is the best place in the world for new ...

SHANA Iranian Minister of Petroleum Bijan Zangeneh says Tehran is in serious talks with domestic and international developers for concluding 10 major oil and gas deals by the end of the current Iranian calendar year to March 10. Speaking to state radio channel, the official expressed optimism that at least a number of the talks will be concluded ...

Press TV- Asian and European companies are negotiating participation in Irans oil and gas development projects which need $200 billion worth of investment, according to Minister of Petroleum Bijan Zangeneh. Iran looks to absorb65% to 70% of this sum from abroad, the minister told Irans Parliament where he was Tuesday to answer questions about ...

Shana-- A senior Iranian oil official cautioned against politicization of oil deals because it would be harmful to the country's interests. According to IRNA, Amir Hossein Zamaninia, deputy petroleum minister in international affairs and trading, said, "We ought to be concerned about showing foreign investors a wholesome, safe image of Iran and ...

IRNA - Deputy Minister of Petroleum said that the condition is ready for signing new oil contracts by the end of this Iranian year (March 20, 2018), with South Pars phase 11, oil layer, and Azadegan field development on priority. It is estimated that new oil contracts worth over 15 billion dollars to be signed with international companies by the end ...

Shana-- Iran will hopefully sign its first oil deal based on the newly-devised contract terms before the end of President Rouhani's first term by July, Iranian Minister of Petroleum Bijan Zangeneh said. Speaking to reporters, the official said the invitation to tender for development of Azadegan Oilfield has started already. South Azadegan Oilfield ...

Shana -- A senior official with the National Iranian Oil Company (NIOC) says signature of the newly-devised oil contracts will spur offshore oil and gas industries on to liveliness. Gholareza Manouchehri, deputy managing director of NIOC for development and engineering, told a conference in Tehran on Tuesday that development of fields like Kish ...

Press TV- A senior official expects Iran to sign its first contract under a new formula within a month, marking a turning point in months of anticipation asthe country reopens its oil and gas sector to business. Iran has named 29 international firms as being eligible to bid for oil and gas projects but they have been waiting for the country to ...

Tasnim The ultimate version of a new format of Irans oil contracts, known as Iran Petroleum Contract (IPC), has been prepared in compliance with the cabinets measure and will be used for putting development of a major oil field out to tender in spring. According to Tasnim dispatches, the final version complies with the conditions set by President ...

Reuters- Poland's second-biggest oil refiner Lotos is interested in securing a long-term supply deal with Iran once it completes a new coking unit at its Gdansk refinery next year, its chief executive said. State-run Lotos wants to diversify its imports of oil and gas away from Russia, its largest supplier. It signed an agreement last year with ...

Gulf News- Wintershall, Germanys largest oil and gas company is looking to invest in Iran as the country opens up for foreign investment following decades of sanctions over its controversial nuclear enrichment programme. Mario Mehren, chairman of Wintershall said they signed a memorandum of understanding with Iran in April this year to look into ...

Iran says it will soon sign six agreements with international energy giants over the development of its oil sector projects. Gholam-Reza Manouchehri, the deputy for engineering and development affairs of the National Iranian Oil Company (NIOC), neither specified the companies nor the projects. Nevertheless, he did indicate that the projects ...

TEHRAN, Sept 26 (Shana) The Parliament of the Islamic Republic of Iran last week and after lots of ups and downs brought the new model of oil contracts to the information of government. A declaration announced to that effect by the Committee in Charge of Overseeing Concordance of Government Approvals with Parliament Laws should be taken as an end ...

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 ...

Russias second largest oil producer LUKoil is interested in exploring areas of the Caspian Sea adjacent to Iran, the company's CEO Vagit Alekperov said on Friday. MOSCOW (Sputnik) Alekperov said inan interview withthe Russian Kommersant newspaper that the company has "two agreements withthe government ofIran tostudy both huge regions, including ...

TEHRAN, Sept 10 (Shana) Member of the Board of Parliament Deputies from Khouzestan Homayoun Youssefi says timely enforcement of the new oil contracts is of significance as Ministry of Petroleum is after increasing extraction from oil fields west of Karoon and gas fields in South Pars. Talking to Shana, Youssefi said, "Interest of the country is ...