Acquisitions and Divestitures News in Iran

Cargo Ship Carrying SPM Arrives at Assaluyeh in SP19
4/26/2020 - Deputy head of South Pars phase 19, Hossein Azimi, announced that single point mooring (SPM) shipment arrived at Pars port wharf.

Referring to use of ...
Agreement Signed on Expansion of Iran's Balal Gas Field
Agreement Signed on Expansion of Iran's Balal Gas Field 9/15/2019 - In the course of the ceremony held for concluding the contract for development of Balaal Gas Field, the Managing Director of Petropars Group stated, “Notwithstanding the fact that the contract value o...
China's CNPC Replacing France's Total in South Pars Gas Project
11/25/2018 - China’s state-owned CNPC has replaced France’s Total in Iran’s multibillion-dollar South Pars gas project, Iranian Oil Minister Bijan Zanganeh said, according to the semi-official news agency ICANA on...
Serica Provides Update on OFAC License for Rhum Field
10/1/2018 - Serica Energy plc has received notification from BP that the US Office of Foreign Assets Control (“OFAC”) has issued a new licence relating to the Rhum Field. The licence authorises the provision of e...
Total has Officially Withdrawn from South Pars phase 11
8/21/2018 - Total has officially left Iran due to the threat of secondary sanctions from the United States if it were to continue to do business with Tehran, Iranian state television reported on Monday, citing oi...
Iran Signs Agreement with Pergas Consortium to Develop Irans Oilfield
5/21/2018 - Iran has signed a deal with Pergas Consortium, a group of international oil and gas companies based in London, to develop Irans Karanj oilfield in its southwestern province of Khuzestan, local media r...
Company Deals at Risk from U.S. Sanctions on Iran
5/18/2018 - French gas and power group Engie (ENGIE), Polish gas firm PGNiG (PGN) and German lender DZ Bank were the latest companies on Friday to say that their business dealings with Iran would be affected by t...
Total’s Position Related to the South Pars 11 Project in Iran
5/16/2018 - On 4 July 2017, Total, together with the other partner Petrochina, executed the contract related to the South Pars 11 (SP11) project, in full compliance with UN resolutions and US, EU and French legis...
China's CNPC Ready to Take Over Iran Project If Total Leaves
5/11/2018 - China's state-owned energy major CNPC is ready to take over Total's stake in the giant Iranian South Pars gas project if the French company leaves amid newly announced U.S. sanctions, industry sources...
No Signs of Total Walking out of SP 11 Deal Yet
5/9/2018 - The CEO of the Pars Oil and Gas Company (POGC) said the company has so far received no official messages from French energy major Total for pulling out of a deal it cut with Iran to develop a major ga...
Indonesia's Pertamina to Sign Contract to Operate Mansouri Field in May 2018
3/28/2018 - Indonesia’s state oil company Pertamina has won a tender to operate Iran’s Mansouri field and it will sign a petroleum contract in early May, its upstream director told reporters on Wednesday. ...
A BP North Sea Field to Test U.S. Policy on Iran
11/24/2017 - A small gas field on the edge of the British North Sea could become a litmus test for U.S. policy towards Iran. London-based BP this week agreed to sell to North Sea producer Serica Energy three fiel...
Acquisition of BP Interests in the Bruce, Keith and Rhum fields
11/21/2017 - Serica Energy plc (SQZ) is pleased to report that Serica UK, a wholly-owned subsidiary of the Company, has signed a Sale and Purchase Agreement to acquire BP’s interests in the Bruce, Keith and Rhum f...
Merely UNSC Sanctions Can be Able to Force Total out
Merely UNSC Sanctions Can be Able to Force Total out 11/20/2017 - Irans petroleum minister has stated that French energy giant Total - that has won a deal to develop a key gas project in the country - can quit only if forced to do so as a result of sanctions by the ...
Brazil Ready to Join Iran Oil Projects
9/5/2017 - Brazil’s Minister of Mines and Energy Fernando Coelho Filho said Brazilian companies are technically ready to develop projects in Iran's oil and gas sector. ...
Iran to Sign New Oil Contracts by Year End
6/14/2017 - Deputy Minister of Petroleum said that the condition is ready for signing new oil contracts by the end of this Iranian year (March 20, 2018), with South Pars phase 11, oil layer, and Azadegan field de...
Lukoil Interested in Joining Iran Oil Sector
5/8/2017 - An executive with Russian oil giant Lukoil says his company is seeking to enhance its activities in Iran’s oil industry. Speaking on the sidelines of the 22nd Iran International Oil, Gas, Refining and...
Indonesia Keen on Joining Iran Upstream Projects
12/5/2016 - Indonesian companies are interested to join upstream projects in Irans oil industry in fields like Ab Teymour and Mansouri oilfields, said Chairman of the Peoples Consultative Assembly (MPR) of Indone...
NISOC to Sign Contracts, MoUs with Intl. Companies
11/23/2016 - Director of the Technical Affairs Department at National Iranian South Oil Company (NISOC) Hamid Deris said on Wednesday that in the weeks to come, several Memoranda of Understanding (MoUs) for cooper...
NIOC Subsidiary in Sears of Int’l Partners to Develop Oil Projects
10/14/2016 - A subsidiary of the National Iranian Oil Company (NIOC) in upstream projects, Petroiran, is seeking international partners to develop offshore fields under the new model of oil contracts, the company’...

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