Iran has signed 12 contracts with foreign companies operating in the sector, said a top official, adding that there are plans to sign 12 new deals with foreign firms.
Low cost and low risk for oil and gas production as the t
Iran has signed seven new initial agreements with foreign oil companies, Ali Kardor, managing director of the National Iranian Oil Company (NIOC), was quoted as saying by the oil ministry's news agency Shana on Tuesday.
National Iranian Oil Company (NIOC) will sign two or three contracts based on the new model by March next year, the company’ deputy managing director said.
Gholamreza Manouchehri added that he expected amendments to the new
Iran's new oil and gas contracts will need amendments, its oil minister said on Tuesday after a meeting with the speaker of parliament, adding that the new contracts will not be sent to the assembly for final approval.
Iran's cabinet approved on Wednesday an amended draft for the country's new oil and gas contracts, Iranian official media reported.
"The draft of the general conditions, structure and patterns of the upstream petroleu
UK-based Wood Group, a leader in energy services has secured two new, three year contracts, collectively valued at over $140 million, to deliver technical services and expertise to a global oil company in Iraq.
Wood Group PSN (WGP
Iran is likely to enter oil investment deals to the tune of $30 billion under the new contracts to be unveiled next week, a report said.
"A section of our oil industry's challenges will be overcome with the new contract m
Iran will unveil new oil development contracts in the coming weeks aiming to attract foreign investors and oil buyers once sanctions on its energy sector are lifted, Shana reported.
The new contracts will be unveiled in T
Iran is sweetening the terms it offers on oil development contracts to draw the interest of foreign investors deterred by sanctions and low crude prices, as its pragmatic president seeks to deliver on his promise of economic recovery.
Two major Indian companies and a British firm clinched the lion's share of oil project contracts worth $4 billion awarded by Kuwait during the July to August period, said a report.
Larsen & Toubro (L&T) and Dodsal of I