Investment
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GECF Sec. Gen. Urges Investment in Gas Industry
TEHRAN (Shana) – The Secretary General of the Gas Exporting Countries Forum (GECF) said on Saturday that the global gas industry outlook 2050 highlights a need to invest over 8 trillion dollars, urging investment in this area.
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NIOC Head: $160bn on Offer in Iran Oil Show for Investment
TEHRAN (Shana) – Iran has offered a chance to participants in the 26th International Oil, Gas, Refining and Petrochemical Exhibition to channel $160 billion in investments in the upstream sector of the country’s oil industry, said a high-ranking official in Tehran on Friday.
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Energy Transition: Fact from Fiction
TEHRAN (Shana) -- Modern history is totally acquainted with energy shocks, shortages, price hikes and panics on the buyers’ side and on the sellers’ side as well. But the current worldwide rising energy prices and large scale volatility for all key fuels and sources, is something entirely new and never experienced before. It is in fact puzzling in a way that no game theorists and econometricians could cope with and accommodate it. From Colorado minus $40 a barrel to plus $ 95 per barrel early February 2022 is something never seen before. This is a challenge to the consumers, suppliers, governments, bankers and societies everywhere.
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Owji Tweets on Oil Industry Investment
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji announced in a post on his Twitter account that more than 45 contracts and memorandums worth $15.6 billion have been signed in the first six months of the Raisi administration.
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Continued Investment in Oil Industry, Strategic: MP
TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Consultative Assembly said that the continuation of investment in the oil industry is an important and strategic issue, adding: “Investing in two areas of human resources and development of oil and gas fields should not be seen as a current cost.”
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Iran Needs $160b to Develop Oil Industry
TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said Iran would need $160 billion to invest in its oil and gas industry.
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Doroud, Arvand Oil Fields Up for Investment
TEHRAN (Shana) -- Doroud oil field, which is located in Kharg Island and northwest of the Persian Gulf, is among developed oil fields which the Iranian Offshore Oil Company (IOOC) presented to foreign investors within the framework of the new model of oil contracts known as Iran Petroleum Contract (IPC).
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Investment Opportunities in Bangestan
TEHRAN (Shana) -- More than 60% of Iran’s oil production comes from 10 giant fields, all of which having reached maturity. Lack of investment for many years in order to enhance the rate of recovery has enhanced production risk. However, there is great potential for enhanced production from these fields. A case in point pertains to the Ab Teimour and Ahvaz Bangestan oil fields. They were discovered more than 50 years ago and they are still supplying oil.
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NIOC Says Welcomes Foreign Investors
TEHRAN (Shana) – A senior official with the National Iranian Oil Company (NIOC) voiced the company’s keenness to welcome foreign investors in Iran’s oil and gas projects.
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IIPG mulls New Development Projects
TEHRAN (Shana) -- The CEO of Iranian Investment Petrochemical Group (IIPG) said the company is planning to start manufacturing two new ethylene oxide and ethylene propylene diene monomer projects with the aim of completing the value chain.
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Petchem Plant Attracts €100m in FDI
TEHRAN (Shana) – The CEO of Sepehr Energy Holding Company said Dena Petrochemical Project had attracted 100 million dollars in foreign direct investment.
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Issuance of Sukuk Securities Authorized to Fund Oil, Gas Projects
TEHRAN (Shana) -- The First Vice President, Eshaq Jahangiri, signed off on the executive bylaws for the issuance of Islamic compliant securities (Sukuk) in the calendar year of 1399 (which began on March 20) to be enforced by the relevant organs.
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Darquain-3 Up for Investment
TEHRAN (Shana) -- West Karoun is now known to Iranians. This border area is expected to form Iran’s oil civilization. According to plans, Iran intends to increase output from the 11 oil fields located in West Karoun by 1 mb/d within four years. The Darquain field will have a 200,000 b/d share in the above figure. Darquain which lies in Khuzestan Province is 45 kilometers north of the city of Khorramshahr and 100 kilometers south of the oil-rich city of Ahvaz. The field is expected to see its output exceed 220,000 b/d once phase 3 development is fulfilled.
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Aghar Field 2nd Phase Open to Investment
TEHRAN (Shana) -- The Aghar gas field is among large onshore gas fields in Iran. It is currently producing 20 mcm/d of gas. The Iran Central Oil Fields Company (ICOFC), which supplies more than 40% of Iran’s total gas, is in charge of development of the Aghar field.
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Doroud Awaiting Foreign Investment
TEHRAN (Shana) -- Iran’s 2015 historic nuclear deal with the West is known as the biggest important event in the petroleum industry in recent years. The agreement, which was achieved after 10 years of intensive diplomatic talks, cleared the way for the return of Iran’s oil to global markets. Iran intends to take advantage of this opportunity to relaunch ageing oil and gas fields, as well as decrepit petroleum industry infrastructure by attracting Western capital and expertise.
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Economic Attaches of 4 Countries Visit PSEEZ
TEHRAN (Shana) -- Iran’s Pars Special Economic Energy Zone hosted economic attaches from Japan, Belgium, South Africa and Azerbaijan.
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POGDC Ready to Join GTP Projects
TEHRAN (Shana) -- The CEO of Parsian Oil and Gas Development Group Company (POGDC) was prepared in invest in gas-to-propylene (GTP) projects in Parsian Energy Intensive Industries Special Economic Zone.