kayhan.ir

News ID: 41801
Publish Date : 16 July 2017 - 20:58

Iran Eyes 10 Oil, Gas Deals With Energy Majors by Mach 2018




TEHRAN (Shana) - National Iranian Oil Company (NIOC) says the Rouhani administration has tasked the company to ink 10 major deals for developing oil and gas fields by the end of the current Iranian calendar year to March 20 2018.
Gholamreza Manouchehri, deputy for development and engineering at the NIOC, has said that the company is preparing for the deals all at the same time and will put the projects to tenders.
He said the newly-devised model of oil contracts is now prepared for signature by energy majors, adding time is needed for concluding the deals, however.
"We are keen to accelerate the development of Iran's petroleum industry and plan to sign 10 more deals by the yearend," the official said.
National Iranian Oil Company (NIOC) on July 3 signed a contract with a consortium comprising Total, China's CNPC International and Petropars Company for developing the project in Persian Gulf waters.
"The gas deal [with Total] and similar contracts will increase the country's stability and security," Manouchehri told reporters.
South Pars Phase 11 is being developed for production of 2 million cubic meters of natural gas.