Tehran Times - National Iranian Oil Company (NIOC) has signed a memorandum of understanding with a domestic consortium for developing Band-e-Karkheh oilfield in southwestern Khuzestan Province. According to Petroleum Engineering and Development Company (PEDEC), Alireza Zamani, the head of the fields development project, the required technical documentation ...

Financial Tribune - Austrian integrated oil and gas company, OMV, is expected to secure the development rights for an oilfield in the southern Khuzestan Province. OMV, which had signed a preliminary agreement in January to study Band-e-Karkheh Oilfield, will take charge of the field's development under a new style of contracts, known as Iran Petroleum ...