IFP - Seyyed Mehdi Hosseini, a former deputy oil minister and an energy expert, says the US has no way but to grant sanction waivers to Irans oil customers. Hosseini says if the US avoids granting the waivers, the oil price will jump drastically, paving the way for the collapse of lots of interconnected economies. In an interview with IRNA,...

TEHRAN, July 10 (Shana) The official in charge of overseeing preparation of new oil contract model said Iran is losing at least 4 billion dollars every month by postponing development of upstream projects in its petroleum industry. Addressing the International Conference of Optimizing Upstream Oil and Gas Contracts on Sunday, Mehdi Hosseini said ...

  TEHRAN, May 18 (Shana) -- Chairman of Irans Oil Contract Restructuring Committee said the new oil contract model (IPC) helps oil companies fulfill social responsibility in the industry. Addressing a conference on corporate social responsibility in Tehran on Tuesday, Seyed Mehdi Hosseini said the Iran Petroleum Contract (IPC) is instrumental ...

PARIS (AP) -- Iran won't consider a production freeze until it reaches its pre-sanctions level of output of 4.2 million barrels a day, a senior energy official said Thursday. Mehdi Hosseini, who heads the oil contracts revision committee at Iran's Petroleum Ministry, said a freeze at anything less than that would be a continuation of the sanctions ...

TEHRAN Nov. 29 (Shana) National Iranian Oil Company (NIOC) will not interfere in choosing Iranian partners by foreign firms interested in operating in Iran under the new oil contract model, a senior Iranian oil official said. Seyed Mehdi Hosseini, the chairman of Irans Oil Contracts Restructuring Committee at the Ministry of Petroleum, said on ...

TEHRAN, Nov. 28 (Shana) - Chairman of Oil Contracts Revision Committee in the Iranian Ministry of Petroleum Mehdi Hosseini who introduced the Iran Petroleum Contract (IPC) at a conference held here on Saturday said the new contract models will help mend Irans relations with the industrial world. Hosseini, who is also secretary of the two-day IPC ...

TEHRAN, Nov. 11 (Shana) The government cabinet has fully endorsed the terms of the new oil contract model introduced by Iranian Ministry of Petroleum, an official in charge of devising the new model said. Seyyed Mehdi Husseini told Shana that more than 85 sophisticated programs including seminars, expert sessions and lectures were arranged with ...

It is customary in Iran to refuse an offer several times before agreeing to take it, whether it be an invitation to tea or a business deal. Foreign energy companies are gearing up to play the same game of manners during negotiations over the terms of their return to the country in a post-sanctions era. This month, Iran is expected to outline the ...

TEHRAN Oct. 25 (Shana) The conference to unveil Irans new oil contracts will be held in Tehran on November 28-29, said an official in the Ministry of Petroleum. Chairman of Oil Contracts Revision Committee Mehdi Hosseini told Shana that the two-day event will introduce details of the new contract models for domestic and foreign investors. Earlier,...

TEHRAN Oct. 13 (Shana) Ministry of Petroleums Chairman of Oil Contracts Revision Committee Mehdi Hosseini said that by every five percent increase in enhanced oil recovery coefficient, a sum of 2,500 billion dollars of income can be earned in the industry. Speaking at the Second National Convention on Energy Law here on Tuesday, he said recovery ...

Daily look at Irans late-breaking news and upcoming events:   Iran announces London oil conference in February Iran on Saturday announced dates for a three-day oil and gas conference in London in February designed to attract foreign investors awaiting new contract terms to be unveiled next month.   Leader condoles over Iran cmdr. killing ...

Tehran (AFP) - Iran on Saturday announced dates for a three-day oil and gas conference in London in February designed to attract foreign investors awaiting new contract terms to be unveiled next month. Oil majors have expressed interest in returning to Iran as soon as international sanctions linked to its nuclear programme are lifted, but they are ...

Iran says it plans to introduce above 50 new oil projects to international investors in what will be a key section of the countrys plans to boost oil production in an emerging post-sanctions era. Seyed Mehdi Hosseini, head of Irans Oil Contracts Restructuring Committee, has emphasized that the projects will comprise exploration and production jobs ...

TEHRAN (Tasnim) Iran has selected 45 oil and gas projects to show international companies at a conference in London in December when new oil contract models will be discussed ahead of exploration auctions to double the countrys crude output, an Iranian oil official said. The projects, including oil and gas exploration, will be discussed along with ...

Iran announced on Saturday that it has started to present the much-awaited new format of its oil contracts to European and Asian energy corporations. Mehdi Hosseini, the head of an expert team at the Ministry of Petroleum charged with drafting Irans new oil contracts, has told the local media that intensive negotiations are currently underway with ...

Iran hopes to secure $100bn of fresh investment in its oil and gas sector once international sanctions are lifted and has finalised details of new and more lucrative contracts for multinational energy companies. Mehdi Hosseini, an adviser to Irans oil ministry and the man tasked with drafting the Iran Petroleum Contract expects Hassan Rouhani, the ...

With an investment plan worth $200 billion, Irans oil industry is the most attractive market for international investors, a senior energy official said on Tuesday. Hopes of a final agreement in nuclear talks with Iran are raising international companies interest in the country for a business bonanza. Mehdi Hosseini,incharge of revising Iran's ...

Tehran, June 21, IRNA A top Iranian official said on Sunday that there has been a rise in visits by delegations from European oil companies to the country to discuss investments in the Iranian oil sector projects. Mehdi Hosseini, the chairman of a group at the Ministry of Petroleum assigned to revise the format of Irans oil sector contracts, said ...

A top Iranian official said on Sunday that there has been a rise in visits by delegations from European oil companies to the country to discuss investments in the Iranian oil sector projects. Mehdi Hosseini, the chairman of a group at the Ministry of Petroleum assigned to revise the format of Irans oil sector contracts, said the rise in visits by ...

An Iranian petroleum official says there have been no energy talks between Iran and US companies. Seyyed Mehdi Hosseini, the head of a team of experts established at the Ministry of Petroleum to devise the new Iranian oil contracts, made the comments in reaction to reports that representatives from US oil giants have met with Iranian officials to ...