RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2016-01-05 16:50:00

5 IRANIAN CONDITIONS: $185 BLN

5 IRANIAN CONDITIONS: $185 BLN

Iran has set five conditions for inking oil and gas deals with foreign firms after sanctions on the country are lifted.

National Iranian Oil Company's managing director Roknoddin Javadi said observing health, safety and environmental (HSE) requirements is the main prerequisite for foreign companies interested in participating in Iran's oil and gas projects, Mehr news agency reported on January 3.

Moreover, the share of Iranian contractors in the implementation of joint oil and gas projects should be increased, he added.

Based on the law, domestic contractors should have a minimum share of 51 percent in each oil project. "We expect foreign companies to give at least a 70 percent share to their Iranian partners. In addition, planning is underway for increasing the share to 80 percent."

He referred to technology transfer as the third condition, saying that some large foreign companies, which had worked in Iran, have settled their representatives in Iranian factories and helped Iranian manufacturers upgrade technologies.

He went on to say that boosting infrastructures should be paid attention as part of development projects. Moreover, advanced management should be utilized and shared with Iranian contractors.

Tehran hosted 137 companies from 45 countries for a two-day conference in Novembr, during which legal generalities of Iran's new model of oil and gas contract (Iran Petroleum Contract, or IPC) were introduced. More details about the contracts will be unveiled at a conference likely to be held in London in February 2016.

The legal generalities of the IPC show that it covers a package for all exploration, development, and production stages in many of the fields. Moreover, the parties will hold a stake in the output for more than two decades.

The Iranian Oil Ministry will announce details about the terms and conditions of each oil and gas field within related tenders for foreign companies.

The development of joint oil and gas fields will be of the highest priority. So, foreign firms should focus on this issue, he concluded.

Iran's deputy oil minister for commerce and international affairs, Hossein Zamaninia, said Tehran had identified nearly 50 oil and gas projects worth $185 billion that it hoped to sign by 2020.

naturalgaseurope.com

-----

More: 

IRAN NEEDS $100 BLN 

IRANIAN SELF-SUFFICIENCY 

GAZPROM'S PRECIOUS EXPERIENCE 

IRAN & QATAR COMPETITION 

IRAN & INDIA CONTRACT: $3 BLN

 

 

Tags: IRAN, OIL, GAS
Chronicle:
5 IRANIAN CONDITIONS: $185 BLN
2021, August, 2, 12:19:00
HYDROGEN RUSSIA AND CIS, Moscow, 20-21 October 2021
International Conference and Exhibition ‘Hydrogen Russia and CIS’ brings together more than 200 senior executives of hydrogen production plants from Russia and the CIS
5 IRANIAN CONDITIONS: $185 BLN
2021, August, 2, 12:18:00
ИНВЕСТИЦИОННЫЕ ПРОЕКТЫ УГОЛЬНЫХ ПРЕДПРИЯТИЙ РОССИИ
Команда Восток Капитал подготовила отчет по инвестиционным проектам угольных предприятий России, в котором представлены: Проекты по строительству новых угольных шахт и обогатительных фабрик Проекты по реконструкции существующих угольных разрезов Проекты по строительству и реконструкции морских портов и сопутствующей инфраструктуры
5 IRANIAN CONDITIONS: $185 BLN
2021, August, 2, 12:15:00
NOVATEK PRODUCTION +7.8%
In the second quarter 2021, NOVATEK’s hydrocarbon production totaled 156.6 million barrels of oil equivalent (boe)
5 IRANIAN CONDITIONS: $185 BLN
2021, August, 2, 12:10:00
U.S. RIGS DOWN 3 TO 488
U.S. Rig Count is down 3 from last week to 488, Canada Rig Count is up 4 from last week to 153.
5 IRANIAN CONDITIONS: $185 BLN
2021, July, 30, 08:40:00
OIL PRICE: ABOVE $75
Brent fell 45 cents, or 0.6%, to $75.60 a barrel, WTIfell 43 cents, or 0.6%, to $73.19 a barrel.
5 IRANIAN CONDITIONS: $185 BLN
2021, July, 30, 08:35:00
RUSSIA'S NUCLEAR FOR EGYPT
Al-Araby Al-Jadeed reported on 19 July that Egypt had suspended planned meetings with Rosatom, again citing tensions over GERD.
5 IRANIAN CONDITIONS: $185 BLN
2021, July, 30, 08:30:00
AMR NUCLEAR FOR BRITAIN
“With over 50 years’ experience of operating the world’s only commercial fleet of gas-cooled nuclear reactors, as well as sodium fast, steam generating heavy water and light water reactors, the UK uniquely boasts the skills, talent and capability to deliver advanced nuclear technologies and the entire supply chain that enables them.
All Publications »