“We invite the investors to provide their plans for carrying out IOR/EOR projects so that they can increase their chance of partnership,” he told the two-day conference which opened here on Saturday.
“The main concern and capital of the officials in oil industry is the issue of improved recovery,” he told Shana.
PETRONAS has participated in the IPC conference in Tehran. Senior Officials from the Malaysian firm met Managing Director of the National Iranian Oil Company (NIOC) Roknedding Javadi on Saturday.
The representatives came from 45 countries. Totally, 335 companies have participated in the two-day event to be the first to know about the contract terms.
Iranian Minister of Petroleum Bijan Zangeneh has said that Iran welcomes foreign investment in its energy industry, but stresses technology transfer by foreign partners in the new contracts.
“A section of our oil industry’s challenges will be settled by the new contract models,” he told Shana on the verge the IPC Conference.
“The new IPC model is on a win-win basis which secures the interests of both parties to the contracts,” he said.
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