TEHRAN Nov. 30 (Shana) The representative of Kvaerner ASA, Norwegian engineering and construction services company, said the wide welcome of the Tehran IPC Conference heralds a bright future for Iran's petroleum industry. Speaking with Shana on the sidelines of the two-day conference which was mounted by Iranian Ministry of Petroleum to introduce ...

TEHRAN Nov. 29 (Shana) Iran has offered 52 oil and gas development projects in addition to 18 exploration blocks at the Tehran IPC Conference. The projects include 29 new and currently producing oilfields and 23 gas developments. Onshore fields make up 34 of the projects. The projects are estimated to be worth more than 30 billion dollars. IPC ...

TEHRAN, Nov. 28 (Shana) - Russias second major oil and gas company Lukoil said it is going to take the opportunity of taking part in the Iran Petroleum Contracts (IPC) Conference in which new oil and gas contract models are unveiled. The event has been useful in introducing the new contacts, Dmitry Timoshenko, the companys vice-president of development ...

Daily look at Irans late-breaking news and upcoming events:     Irans biggest oil investment event opens An important conference opens in Tehran to lay out 50 oil and gas projects worth $185billion for development through foreign investment which Iran hopes to trickle in with the lifting of Western sanctions.   Iranian drones ...

TEHRAN (Tasnim) Stephane Michel, Middle East president of Totals exploration and production division, said the French company is eager to return to Irans oil and gas market following the recent nuclear deal between Tehran and world powers and the upcoming removal of anti-Iran sanctions. We are interested to come back to Iran when the sanctions ...

TEHRAN, Nov. 28 (Shana) Deputy Petroleum Minister for International Affairs and Trade Amir-Hossein Zamani-Nia said on Saturday that economic, financial, and banking sanctions against Iran will be lifted by late December this year or first week of January next year. The barrier of sanctions has broken and they will be removed soon, he told a panel ...

TEHRAN, Nov. 28 (Shana) The new Iran Petroleum Contracts models are not end of the road but an evolutionary measure taken to develop the countrys oil and gas industry, Vice-President for Legal Affairs Elham Aminzadeh said on Saturday. Unveiling the new contract models in the oil industry can provide a constructive response to the national concerns ...

Irans Minister of Petroleum Bijan Zangeneh says OPEC members are unlikely to agree on reinstating the organizations individual production quotas in their next meeting on Dec. 4. Certain countries are opposed to reviving quotas in OPEC. Hence, it is unlikely to reach a conclusion in the nextmeeting, he said on the sidelines of a two-day oil and gas ...

TEHRAN, Nov. 28 (Shana) - Chairman of Oil Contracts Revision Committee in the Iranian Ministry of Petroleum Mehdi Hosseini who introduced the Iran Petroleum Contract (IPC) at a conference held here on Saturday said the new contract models will help mend Irans relations with the industrial world. Hosseini, who is also secretary of the two-day IPC ...

By Tasnim News Agency

An important conference opens in Tehran to lay out 50 oil and gas projects worth $185billion for development through foreign investment which Iran hopes to trickle in with the lifting of Western sanctions. Now, it is an appropriate time for the oppressive sanctions against Iran to be lifted and once again it is proved that sanctions against oil ...

Tehran (AFP) - Iran on Saturday announced dates for a three-day oil and gas conference in London in February designed to attract foreign investors awaiting new contract terms to be unveiled next month. Oil majors have expressed interest in returning to Iran as soon as international sanctions linked to its nuclear programme are lifted, but they are ...

Irans postponement of a key oil conference in London for the fourth time last month came after US pressures on the UK government, the British news agency Reuters says. Minister of Petroleum Bijan Zangeneh has said Iran will hold the conference to unveil its new oil contracts in Tehran instead of London. Reuters, citing London-based diplomatic ...

TEHRAN Oct. 10 (Shana) Managing Director of the National Iranian Oil Company (NIOC) said details concerning Irans new oil contracts will be unveiled to foreign investors and international firms in the upcoming conference to be held in Tehran. The Iran Petroleum Contracts (IPC) were recently approved by the government, therefore, it is obvious that ...

TEHRAN Sept. 30 (Shana) Managing Director of the National Iranian Oil Company (NIOC) said the US companies are likely to take part in the upcoming conference to unveil Irans new oil contracts in Tehran. There is no clear picture about their participation, but the chance can't be ruled out, Rokneddin Javadi told Shana. The government has laid no ...