News // News worldwide
Iran expects unprecedented boom in oil industry in 2 years
05 September 2017 , 17:26Neftegaz.RU778
A senior official of NIOC said on September 3, 2017, that Iran's oil industry must expect an unprecedented boom given the eagerness of foreign companies to develop projects in the Middle Eastern oil-rich country and ongoing talks with them.
«My estimation is that within the next 2 years, the industry will witness an unprecedented boom,» said Amir Hossein Zamaninia, deputy petroleum minister for international affairs and trading.
Speaking to Shana, the official said Iran is in a good state given the political conditions and ongoing negotiations with foreign companies to develop oil/gas projects.
«Iran's oil industry is currently in its best possible state for attraction of finances; major companies are keen on investing in Iran and good negotiations are under way with them. I keep my fingers crossed that these talks will reach fruition.»
The Economic Resilience Headquarters has required NIOC to conclude at least 10 oil and energy deal by the end of the current Iranian calendar year to March 20.
Asked how far the company has progressed in this regard, the official said: «Talks are under way with foreign companies to ensure their return to Iran and many of the companies have submitted to NIOC their master development plans (MDP) for developing projects in Iran.»
Provided that the talks do progress in all sectors as intended by NIOC, their financial dimensions will not take too long given the fact that the company has already signed a deal with a consortium of Total, CNPC and Petropars for developing phase 11 of the supergiant South Pars gas field, he added.
«I cannot say which company will be next to Total and CNPC for signing deals with NIOC,» Zamaninia added, saying, however, that talks with Russian companies are going on well and will hopefully conclude within the next 2 or 3 months.
12:08 14.03.2018Azerbaijan, Iran and Russia create joint energy corridor
16:07 28.02.2018Iran ready to expand gas supplies to Armenia
14:08 28.02.2018Iran says oil transit project with Iraq delayed over safety issues