Iran Petroleum Contract

Tehran will hold tender for more than a dozen oil and gas exploration blocks in summer, Saleh Hendi, the head of exploration department at the National Iranian Oil Company, said.

"After…

The National Iranian Oil Company is keen to finalize high-priority oil and gas deals by the end of the current fiscal year in March, including Phase 11 of South Pars Gas Field and a plan to…

Tehran is expected to hold the first international tender to develop its oil and gas fields later this month, Ali Kardor, the head of National Iranian Oil Company said.

"The first oil…

The National Iranian Oil Company signed a memorandum of understanding with Tenco, a subsidiary of Khatam-al -Anbiya construction group, to study five gas and oilfields.

After an edgy 2015, marked by the historic nuclear agreement signed between Iran and the six world powers, Tehran hit the ground running last year as the nuclear deal came into force in mid-…

The National Iranian Oil Company has signed new spot oil export contracts with BP and the Anglo-Dutch Royal Dutch Shell to provide them with oil and gas condensates, director for international…

Iran expects to announce the first tender for its oil and gas development projects in the first quarter of next year, heating up the race for its multibillion-dollar energy market among…

All foreign companies interested in Iran’s oil and gas projects must participate in tenders, Oil Minister Bijan Namdar Zanganeh said, signaling that Tehran will uphold a level-playing field in…

Iran expects to sign a dozen new oil and gas deals with international companies in the near future, extending the number of contracts it has already sealed with Total, CNPC and Royal Dutch Shell…

Iran signed a memorandum of understanding on Tuesday with PTT Exploration and Production Public Company Limited (PTTEP), Thailand's state oil company, to study three oilfields in western and…

Oil Minister Bijan Namdar Zanganeh on Wednesday sought to reassure his critics and stakeholders in Iran's oil and gas industry that a raft of new contracts to develop the country's massive…

The National Iranian Oil Company on Tuesday signed a heads of agreement (HOA) with Persia Oil and Gas Industry Development Co. on developing three oilfields under the Iran Petroleum Contract—the…

The first tender of Iranian oilfields under the new model of contracts—Iran Petroleum Contract—will be held seven to 10 days later than initially planned, managing director of National Iranian…

Iran's Oil Minister Bijan Namdar Zanganeh is in Algiers, Algeria, for the 15th International Energy Forum to discuss a proposal with OPEC members on freezing oil production and meet with the…

A senior Iranian economist says Iran's new oil contracts will help the country expand its footprint on the global energy map and work as a bulwark against international sanctions that can be…

Iran on Tuesday underlined the giant South Azadegan Oilfield as the first of dozens of projects to be tendered under its new oil contracts, known as Iran Petroleum Contract.

An official at the National Iranian Oil Company says the new oil contracts will include provisions that ensure they will remain effective against any political disruptions in the future.

Iran is set to sign major oil and gas deals with foreign companies in the second half of 2017, its first such contracts since international sanctions were lifted in January, according to Wood…

Oil Minister Bijan Namdar Zanganeh took the debate on Iran's new model of oil contracts to the parliament on Sunday in what appeared to be the next step to bridging the divide between the…

Making serious attempts to attract foreign investment to develop joint oil and gas fields with the help of Iran's new oil contracts—known as Iran Petroleum Contracts or IPC—will help secure…

The Majlis Energy Commission voiced his support for Iran's new model of oil contracts on Monday following reports that a group of lawmakers are taking action to limit the extent of the…

Iran's oil contracts are not yet fit for Austrian energy group OMV to invest in planned projects in the country, which hopes foreign investment will revamp its ageing oil infrastructure, OMV's…

The Cabinet approved a new model for oil contracts on Wednesday. Many hope that this new model would pave the way for foreign investment in Iran’s oil sector.

The question is whether…

Transfer of technology is a prerequisite of the new Iran Petroleum Contracts and a priority in negotiations with foreign academia related to energy projects, the National Iranian Oil Company’s…

Iran is targeting an investment of $185 billion in its upstream, midstream and downstream oil sectors over the next five years, deputy oil minister for international affairs announced on Sunday…