Gulf Oil and Gas accountACCOUNT

Iran New Oil Contracts Invalidate US Pressures

Source: www.gulfoilandgas.com 9/3/2017, Location: Asia

The oil ministrys priority is to accelerate the proceedings to sign new oil and gas agreements with international contractors as a tactic to defuse US pressures against Iran, Iranian Petroleum Minister, Bijan Zanganeh said.

He said another policy that his Ministry was pursuing was diversifying the range of contractors – what he said would help protect the country’s oil industry against US pressures.

"We should not rely only on Europe," Zanganeh stated in an interview. “Diversifying contractors would provide a safe protection to Iran’s oil industry.”

In early July, Iran awarded a contract to a consortium led by French energy giant Total over the development of Phase 11 of South Pars.

Based on the deal, Total would invest an initial $1 billion in the project which it would carry out together with China’s CNPC and Iran’s Petropars.

It was seen as the biggest vote of confidence in Iran since sanctions were lifted against the country under a 2015 nuclear deal with world powers.

Elsewhere in his remarks, Zanganeh said the US-led sanctions had created numerous problems for Iran’s oil and gas projects.

He added that Iran needed to take concrete measures to facilitate investments in its oil and gas projects, specifically those located in areas bordering Iraq.

Devising a new generation of oil contracts, Zanganeh emphasized, was a significant step in the same direction.

Oil & Gas Companies News in Iran >>

Russia >>  6/22/2020 - LUKOIL started drilling of an exploration well at the Shirotno-Rakushechnaya prospect structure, located to the north of the V.I. Grayfer field. As th...
India >>  6/19/2020 - KBR (KBR) has signed a memorandum of understanding with L&T Hydrocarbon Engineering Ltd (LTHE) for refinery and petrochemical projects. ...

India >>  6/9/2020 - Adani Green Energy Limited has won the first of its kind manufacturing linked solar agreement from the Solar Energy Corporation of India (SECI). As a ...
Myanmar >>  6/7/2020 - Penspen has been awarded a contract from one of the oil and gas operators in Myanmar, for an offshore natural gas project in Myanmar. ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.