Tehran Times - National Iranian Oil Company is going to award the development project of the South Pars oil layer to a domestic company, under Irans new model of oil contracts (known as IPC), NIOC director of integrated planning told IRNA. Negotiations are also underway with domestic companies for the development of other fields such as Yaran and ...

MNA Oil Minister Zanganeh said negotiations with the Danish business conglomerate, Maersk Group, were being pursued over development of South Pars Oil Layer (SPOL). Bijan Zangaeh, while pointing to continuation of talks with Maersk Group, voiced optimism that final agreements will be reached in near future. Whats more, Pars Oil and Gas Company ...

  SHANA- The Middle East's first floating production, storage and offloading (FPSO) unit is on heading toward the supergiant South Pars Gas Field to recover oil from its oil layer, managing director of Petroiran Company said.   "The $300-million FPSO unit was built in Singapore and will be deployed above the South Pars' oil layer ...