FNA- Iranian Deputy Foreign Minister Morteza Sarmadi underlined the giant international oil firms' enthusiasm for cooperation with Tehran, and said the country is finalizing negotiations with them. "At present, negotiations with the world's oil companies are progressing well and are in final stages," Sarmadi said on Wednesday. Noting that the ...

Iran ramps up efforts to receive more foreign investment in its energy sector by naming five domestic companies to work as partners with international majors, says a report. The deputy head of the National Iranian Oil Company (NIOC), Gholamreza Manouchehri, has told the Financial Timesthat Petroiran Development Co., along with Petropars and ...

  TEHRAN, May 18 (Shana) -- Chairman of Irans Oil Contract Restructuring Committee said the new oil contract model (IPC) helps oil companies fulfill social responsibility in the industry. Addressing a conference on corporate social responsibility in Tehran on Tuesday, Seyed Mehdi Hosseini said the Iran Petroleum Contract (IPC) is instrumental ...

Oil companies investment this year will be focused on new opportunities in Iran and Mexico as they cut budgets sharply amid continued low oil prices, a new report by industry consultant Wood Mackenzie forecasts.   The investment environment overall remains weak, according to Wood Mac, which recently estimated that US$380 billion of oil and ...