The Iranian Offshore Oil Company (IOOC) managing director has said that $15 billion in oil deals will be signed by domestic and foreign companies by the end of next calendar year (March 20, 2013).
"A contract, worth $1.1 billion has recently been signed for developing the Lavan gas field," the IOOC head Mahmoud Zirakchainzadeh said, adding that another deal, valued at $3 billion will be inked for developing the Forouz B gas field by the end of the current (calendar) year.
Negotiations are also underway to conclude separate contracts for developing the Farzad A, Forouzan, Soroush and Esfandyar fields, he added, the Fars news agency reported.
Meanwhile, the National Iranian Oil Company stated that it welcomes the private sector's cooperation on developing oil and gas fields, the NIOC managing director said.
"Developing joint oil and gas fields is the first priority of the country's oil industry," Ahmad Qalebani told the Shana news agency.
The NIOC is ready to conclude buy-back contracts with domestic investors, he said, adding that new policies have been adopted to support domestic manufacturers of equipment related to oil and gas industries.
Qalebani announced in November that 20 contracts will be signed by the end of the current Iranian calendar year (March 20, 2012) to develop joint oilfields.
Oil Minister Rostam Qasemi said in August that the oil industry's infrastructure needs more than 500 trillion rials (about 50 billion U.S. dollars) of investment to achieve Iran's 20-year economic perspective plan goals.
"By the end of the fifth development plan (2015), the country's oil production must increase to 5.2 million barrels per day (bpd) and this should happen from the country's joint fields," the ISNA news agency quoted Qasemi as saying.
Copyright 2011 Trend News Agency. All Rights Reserved.
Posts
No comments:
Post a Comment