25456
Oil Industry Essentials Outlined
Energy

Oil Industry Essentials Outlined

Gaining advanced technologies and ensuring proper management of Iran's oil industry are the most essential needs of this key sector, after the sanctions are lifted, deputy oil minister for international affairs, Amirhossein Zamaninia, said.
"Direct foreign investment is important, but the oil industry requires technology and management more than anything else," Shana quoted the official as saying on Wednesday. Zamaninia mentioned the high interest of foreign companies in making investment in the country's energy sector, adding that Iran's attractive oil industry will "bring in foreign investments".
Two high-ranking delegations from Spain and Austria arrived in Tehran this week to explore cooperation in several areas, including economic and energy sectors.
Earlier this year, Oil Minister Bijan Namdar Zanganeh said cooperation with foreigners in boosting oil and gas extraction "will start immediately".
However, he said joint development of hydrocarbon fields will take time.
A Bloomberg report, published on Monday, quoted four western diplomats as saying that oil and financial sanctions on Iran will probably be lifted within the first three months of 2016.
Iran and six world powers reached a historic deal on July 14 in Vienna that would limit the Persian Gulf country’s nuclear program in return for removing sanctions on its energy and financial industries.
The country plans to produce 3.8 million to 3.9 million barrels of oil a day by March, with output rising by 500,000 barrels a day soon after sanctions are lifted and by 1 million barrels within the next five months.

 

Short URL : https://goo.gl/m62E61
  1. https://goo.gl/22rqN8
  • https://goo.gl/Ie4q9W
  • https://goo.gl/X9AAKX
  • https://goo.gl/v4FHQ6
  • https://goo.gl/G1ogdI

You can also read ...

Sweden Approves Nord Stream 2 Pipeline
While Denmark is yet to give permission for the Nord Stream 2...
India Sees $55-60 Oil Price Reasonable
India, the world’s third-largest oil consumer, expects a...
Chinese Tariffs Will Crimp American Shale Production
China’s proposed tariffs on US petroleum imports, part of a...
NIOC Plans to Increase Oilfield Capacity
National Iranian Oil Company plans to increase the production...
OPEC reached an agreement with Russia in 2016 to keep 1.8 million bpd off the market.
Oil Minister Bijan Namdar Zanganeh rejected leaving the 2016...
Sixfold Rise in Zanjan Petrochem Plant Capital
Zanjan Petrochemical Complex’s registered capital has...
Renewable Power Plants' Dues Settled in Full
The state-run Renewable Energy Organization of Iran, aka SUNA...

Trending

Googleplus