Friday 26 August 2016
 
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oil contract

Iran to start using new oil and gas contract

Iran's Vice President Eshaq Jahangiri has told the oil and finance ministries to start using the approved new draft for the Iran Petroleum Contract (IPC) for oil and gas deals, the Oil Ministry's news agency Shana reported on Monday.

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Iran hopes for new contracts by September

The new Iranian oil contract, known as Iran Petroleum Contract (IPC), will be finalised in the next one and a half months. The first contract is expected to be signed in three to four months’ time, Iran’s Deputy Oil Minister for In

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Iran to sign $3bn gas contract with India group

Iran has agreed a $3 billion contract with a consortium of Indian companies to develop the Farzad B gas field in the Persian Gulf, according to the Mehr news agency. Saeed Hafezi, the director of the Falat Ghare oil compa

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Iran to sign $3bn gas contract with India group

Iran has agreed a $3 billion contract with a consortium of Indian companies to develop the Farzad B gas field in the Persian Gulf, according to the Mehr news agency. Saeed Hafezi, the director of the Falat Ghare oil compa

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Turkey's Tupras to extend Iran oil contract

Tupras, Turkey's sole oil refiner, will extend purchases of crude oil from Iran when the company's contract expires in August but won't increase imports, Energy Minister Taner Yildiz said. Turkey is seeking to raise cr

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DME may propose fuel oil contract

The Dubai Mercantile Exchange (DME), a premier international energy futures and commodities exchange in the Middle East, plans to propose a fuel oil contract at its board meeting in December, its CEO said. The exchange, which trad

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Drake and Scull in Iraq pipeline contract

Iraq's cabinet approved a $358.8 million contract with Dubai-based Drake and Scull and Italy's Sicim to lay pipelines in the southern Zubair oilfield, said a government spokesman. The deal is part of a series of contracts

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Iraq approves $998m Samsung oil contract

Iraq's cabinet approved a $998 million oilfield service contract on Tuesday with a South Korean company for the West Qurna Phase Two oilfield, the cabinet said in a statement An Iraqi oil official who asked not to be identified said the de

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Iraq awards $60m Majnoon facility contract

Iraq and partners Royal Dutch Shell and Petronas awarded a contract worth more than $60 million to Turkish firm Enka to install and operate two production facilities at the Majnoon oilfield, an Iraqi oil official said. The construction and

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Nippon, Eni, Repsol eye Iraq oil bid

Oil firms Nippon Oil of Japan, Eni of Italy and Repsol of Spain are competing for a contract to help develop southern Iraq's Nassiriya oilfield, an oil ministry official said. The official, who asked not to be named, said the three compani

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