List of Iran E&P companies to grow: Official

SHANA – An official with the Iranian Ministry of Petroleum says the list of Iranian companies eligible to be recognized as exploration and production (E&P) companies may grow.

Mohammad Reza Aboutaleb said the ministry is considering credentials of a list of companies applying to be added to the list of E&P companies for developing oil and gas projects in Iran.

Currently 11 domestic companies have been listed as E&P companies eligible to partner with foreign oil and gas developers in projects in Iran.

“The kind of services expected of these companies and a new list will be provided during this year,” he said.

The Iranian Ministry of Petroleum has a plan to assess and vet credentials of E&P companies to partner with foreign companies in developing upstream oil and gas projects