upstream industry
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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.
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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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Leader: Upstream oil, gas industry provides plenty of opportunity for private sector participation
SHANA (Tehran) – Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Tuesday the upstream sectors of industries such as oil, gas, and steel, and professions like handicrafts provide plenty of opportunity for the participation of the private sector.