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Iran to hold international bids for two oilfields

TEHRAN, December 25, 2016

Iran plans to hold several international tenders for its Yadavaran and North Azadegan oil fields, a senior oil official of the National Iranian Oil Company (NIOC) said.

Deputy for Engineering and Development Affairs Gholam-Reza Manouchehri stressed that the Chinese companies should also attend if they want to continue cooperation with Iran, reported state news agency IRNA.

China National Petroleum Corporation (CNPC) is willing to continue the deal on the development of North Azadegan oil field, Manouchehri told IRNA.

Stressing that the CNPC should apply according to Iran's new petroleum contracts, Manouchehri said the Chinese company has accepted Iran's conditions.

He further noted that the NIOC has already held talks with China's Sinopec on development of Yadavaran oil field but still the company has to win an international tender to be held for it.

According to reports, the Chinese companies are responsible for developing the first phases of the two Iranian oil fields, but their performances have attracted certain criticism, persuading Iranian officials to reconsider ceding the development of Yadavaran and North Azadegan oil fields to them again.

Tags: Iran | CNPC | NIOC | oilfields |

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