upstream industry

  • Upstream Oil Investment Strategy to Change

    Upstream Oil Investment Strategy to Change

    SHANA (Tehran) - Iran’s petroleum industry experienced a turning point in May 2025. National Iranian Oil Co. (NIOC) introduced more than 200 investment opportunities worth $137 billion, signaling its inclination for partnership with the private sector and foreign investors. Amir Moqiseh, NIOC director of investment and business, tells “Iran Petroleum” that Iran’s new oil strategy is translated into sweetening terms of oil contracts, hedging investment risks, ending restrictions enshrined in old contracts and full support for the private sector.

  • Iran targets €3.7b in upstream oil projects by year-end

    Iran targets €3.7b in upstream oil projects by year-end

    SHANA (Tehran) – Iran’s oil industry aims to bring more than €3.7 billion worth of strategic projects online by the end of this year, focusing on boosting oil and gas production and processing capacity to ensure the country’s energy stability.

  • Oil Ministry aims to attract investment, streamline upstream oil, gas contracts  

    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.