Thursday 28 January 2021
News ID: 86493
Publish Date: 11 January 2021 - 21:10
TEHRAN (Dispatches) - Iran’s Petroleum Minister Bijan Zangeneh has said that foreign companies can participate in Ian’s oil industry under new terms and regulations.
"We are ready to cooperate with them within the framework of stipulated terms and conditions,” Zangeneh said on Sunday.
He stressed that Iran is ready to cooperate with foreign oil companies if they come back, and added, "But we do not give up what we have achieved. We will conclude agreements with foreign oil and gas companies on a new basis within the framework of rules and regulations at a much more solid and higher level.”
Zangeneh added that the capacities caused during the sanctions period would be used optimally.
"The oil ministry will use the upper hand in clinching contracts with foreign companies under new terms and conditions,” he said.
NIOC Inks 8 Oil Deals With Local Firms

The National Iranian Oil Company (NIOC) has signed 8 contracts for boosting and maintaining production at Iranian oil fields with domestic companies.
The contracts, worth a total of $1.2 billion, were signed on Monday in the presence of Iranian Minister of Petroleum Bijan Zangeneh, and entail projects in Binak, Solabdar, Lali Bangestan, Gachsaran 3 and 4, Golkhari, Bibi Hakimeh and Ahvaz 2, 3 and 5 fields which are operated by National Iranian South Oil Company (NISOC) in the provinces of Bushehr, Fars, Khuzestan, Kohgiluyeh and Boyer-Ahmad. Also a contract concerning Reshadat Offshore Field operated by the Iranian Offshore Oil Company (IOOC) was included among the 8 contracts.
Contracts of Golkhari, Gachsaran 3 and 4, Binak, Bibi Hakimeh, Solabdar and Lali Bangestan packages were signed with North Drilling Company (Sina Energy Gostar Holding), Iran Offshore Engineering and Construction Company, Petroiran Development Group, Mashin Sazi Arak, Qeshm Oil and Energy Industries Partnership and Marunkaran, the National Iranian Drilling Company and Jahanpars Engineering and Construction Company. Also Ahvaz 2, 3, 5 and Reshadat packages were signed with Khatam Al-Anbia Headquarters.
The plan to maintain and enhance oil production in the scope of activities of three companies affiliated to the National Iranian Oil Company (NISOC, IOOC and Central Iranian Oil Fields Company) cover 7 provinces of Kermanshah, Ilam, Khuzestan, Kohgiluyeh and Boyer Ahmad, Bushehr, Fars and Hormozgan and include 33 projects (29 projects in the onshore sector and four projects in the offshore sector). The first contract of the packages was signed in September 2018 for the Siri project (Sivand and Esfand fields) operated by the Iranian Offshore Oil Company.
The National Iranian Oil Company (NIOC) announced on Sunday that the 25th Iran Oil, Gas, Refining and Petrochemical Exhibition will be held in Tehran on January 21-24.
Specialized exhibitions are held in full compliance with health protocols with the special support of the Office of the President and the Ministry of Industry, Mine and Trade and the official approval of the Ministry of Health, Treatment and Medical Training.

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