Ali Kardor

Iran’s first-ever FLNG contract soon: Official

TEHRAN Oct. 25 (Shana) – The National Iranian Oil Company (NIOC) will in the near future conclude the contract on transaction of flaming torch gases from three oil fields which will be the country’s first water-based project of floating liquefied natural gas (FLNG), a company official said.

“From the three contracts on selling the torch gases to be finalized soon, one is drafted with the objective of producing maritime LNG,” said Ali Kardor, NIOC deputy managing director for investment and finance.
Anticipating that new calls to auction for selling torch gases will be further embraced by foreign companies in the post-sanction era, he said FLNG projects are justified and NIOC welcomes launching them to develop the offshore gas resources.

He also said that natural gas liquids (NGL) are among the opportunities in Iran’s oil industry which will be introduced in the upcoming conference in Tehran to unveil new oil contracts on November 28-29.
Earlier, NIOC Managing Director Rokneddin Javadi told Shana international companies in the field of oil and gas are looking for convention of the Tehran conference so that they will be informed of the details of Iran’s new contracts in the oil industry.

“There are numerous foreign firms which are going to know about the details of the new generation of contracts in order to take part in Iran’s oil and gas projects,” he added, “In the meeting with visiting foreign delegations and companies, general facts about IPCs were explained, in which they expressed their readiness to take part in the conference.”
In September, Minister of Petroleum Bijan Zangeneh welcomed foreign investment in Iran’s energy industry, but said the Islamic Republic is interested in technology transfer by foreign partners.

“More than cash or using the technology, we would like to have their advanced technology to be transferred to domestic companies,” he stressed.