28329
Global Energy  Majors in Tehran
Energy

Global Energy Majors in Tehran

Major international companies operating in the oil, gas, petrochemical and electricity sectors start three days of talks with Iranian officials in Tehran on Monday to explore investment opportunities in the post-sanctions Iran.
The convention, known as the Iranian Petroleum and Energy Club Congress and Exhibition or IPEC and attended by major European and Asian firms, will run until Wednesday, Mehr News Agency reported.
Representatives from French gas services and equipment firm Air Liquide and oil and gas major Total, Austria's OMV, Eni and Ansaldo Energia of Italy as well as Germany's Siemens and Linde Group–the world's  largest industrial gas company by market share and revenue— are among the prominent European firms at the convention.
Add to them Japan's Mitsubishi Hitachi Power Systems, Mitsui Oil Exploration Company and Japan Gasoline Company that are keen not to fall behind their European rivals in Iran's emerging energy market.
Oil and energy ministers Bijan Namdar Zanganeh and Hamid Chitchian respectively are expected to outline the framework of foreign investment in energy projects, as the country is gearing for multibillion dollars in economic and energy deals on the prospect of lifting decades-old sanctions.
Iran and six world powers reached a historic deal on July 14 in Vienna, which would limit the Persian Gulf country’s nuclear program in return for removing sanctions on its energy and financial industries.
Tehran has hosted top trade delegations from Spain, Austria, France, Germany, Japan and South Korea in the past few weeks.
The congregation comes as negotiations have been in the works with some of the IPEC participants in the past several weeks.
OMV is in talks with the National Iranian Oil Company to develop Cheshmeh Khosh Oilfield in western Iran.
Reactions toward Total's reentry after 20 years of operations in Iran's oil and gas fields have been mixed.
Earlier this month, the French company was said to have received the green light to build 100 gas stations in Iran, marking the commercialization of gas stations in the Persian Gulf country. However, oil officials ruled out such arrangements with Total or any foreign firm shortly after.

 

Short URL : https://goo.gl/D7Mo9F
  1. https://goo.gl/XRpbJC
  • https://goo.gl/BhraDE
  • https://goo.gl/O5Oi8p
  • https://goo.gl/YYTDX8
  • https://goo.gl/EYoe2i

You can also read ...

Venezuelan Refineries in Danger of Seizure
In 2007, following Venezuela’s expropriation of billions of...
China Tariffs to Darken Prospects of US LNG
This winter could be a bleak one for America’s natural gas...
Chevron to Develop Iraqi Oilfields
Iraq’s state-run Basra Oil Company and Chevron, an American...
Caspian Convention Can Help Boost Iran Oil, Gas Exports
The Convention on the Legal Status of the Caspian Sea will...
Spanish Esproenko to Continue Iran Business
Esproenko International, which specializes in oil and gas...
NIGC Export Capacity at 75 mcm Per Day
The National Iranian Gas Company’s capacity to export natural...
OPEC Should Remain Independent, Apolitical
Some members of the Organization of Petroleum Exporting...
Higher Electricity Tariffs Should Moderate Usage
Imposing higher tariffs on those who exceed fair consumption...

Trending

Googleplus