Upstream and downstream industries
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Oil Ministry aims to attract investment, streamline upstream oil, gas contracts
SHANA (Tehran) – The deputy director of investment at the National Iranian Oil Company (NIOC) emphasized that a recent approval by the Economic Council to simplify upstream oil and gas contract procedures will significantly reduce the time between receiving investor proposals and finalizing agreements.
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Iran Invests $6.5b in Oil Industry Upstream Sector
SHANA (Tehran) -- Some 6.5 billion dollars were invested in oil industry’s upstream sector on average per year under the incumbent administration, managing Director of National Iranian Oil Company (NIOC) said here on Friday.
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VP Lauds Downstream, Upstream Industries’ ‘Great’ Innovations
TEHRAN (Shana) – The Iranian vice president for economic affairs on Monday praised the innovations developed by the country’s downstream and upstream industries.