SHANA The Oil Industries' Engineering and Construction (OIEC) has signed a 60m memorandum of understanding (MoU) with local firms for local manufacturing of petrochemical machinery and equipment. The deal was signed on Tuesday between OIEC, Machine Sazi Arak and AzarAb Industries. The document aims to provide the necessary equipment for two ...

SHANA - National Iranian Oil Company (NIOC) and Oil Industries Engineering and Construction Company (OIEC) have signed a memorandum of understanding for feasibility studies on Sepehr oil field.   The MOU was singed between Gholam-Reza Manouchehri, deputy head of NIOC for development and engineering, and Behzad Mohammadi, CEO of OIEC. OIEC ...