Oil, Gas Cooperation With Italy's SSE

Oil, Gas Cooperation With Italy's SSEOil, Gas Cooperation With Italy's SSE

Following an agreement with the Italian oil and gas giant Saipem, a new round of negotiations has started between National Iranian South Oil Company and another Italian company SSE on expanding oil and gas cooperation.

A few days ago, concurrent with the commencement of the post-sanctions period, a group of representatives from SSE visited the southern oil-rich city of Ahvaz, where they discussed the company's abilities and ways to expand cooperation with NISOC.

During the joint session, issues such as ways of providing equipment needed to control gas turbines and compressors, plans to upgrade outdated compressors and gas transfer systems, and suggestions on holding specialized training courses were considered.

The two parties also discussed conducting feasibility studies and implementing basic engineering plans and procedures of after-sales services. For a quarter of a century, SSE has been operating in the field of industrial control solutions and undertakes the design, software development, production and commissioning of control and supervisory systems for the oil, gas, power generation and other industries.

The agreement with Saipem, signed on the first day of Iranian President Hassan Rouhani's official visit to Rome, came as Iran turned to the European country to expand energy ties. Earlier this month, international sanctions on Iran were lifted following the implementation of its nuclear agreement with world powers.

Saipem said the MoU with Iran had been signed with Parsian Oil & Gas Development Company and involved the revamping of Pars Shiraz and Tabriz refineries.

Earlier, a source close to the matter said the deal is worth $4 billion to $5 billion to build 2,000 km of pipeline in Iran.

There are also speculations on the return of Eni to Iran, based on which the Italian international company would cooperate in some of the country's oil and gas projects such as the third phase of Darkhovein Oilfield's development plan and establishment of a standard phase in South Pars Gas Field, which would produce 50 million cubic meters of gas per day.