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FinancialNews


  • 18-08-20

    Contracts value 1.5 billion Euro inked to increase oil production

    (MENAFN) On Monday August 17 two subsidiaries of the National Iranian Oil Company (NIOC) marked contracts value 1.527 billion Euro with domestic companies on, aspiring to add 185,000 barrels per day to the country's oil manufacture capability.

    Shana accounted that the contracts were marked linking the Iranian Offshore Oil Company (IOOC) and the National Iranian South Oil Company (NISOC), as employers, and 14 Iranian companies for the preservation of the production level and rising revival factor of numerous oil fields.

    NISOC is the employer intended for 11 of the talked about contracts, which will be applied in the five provinces of Khuzestan, Fars, Kohgiluyeh-Boyer Ahmad, Bushehr, and Hormozgan, whereas the other two were marked by IOOC.

    Consequently, two accords for the enlargement of Zilaei in addition to Chalingar and Garangan schemes were marked with Global Petrotech Kish Company; Ramin scheme was honored to Persia Oil and Gas Industry Development Company, whereas Mansourabad scheme was handed over to Petro Iran Development Company, the Siahmakan scheme to Pasargad Energy Development Company, Maroun 2, 5 and 6 schemes to Petrotenco, Maroun 1 and 4 schemes to North Drilling Company (Sina Energy Gostar Holding), Maroun 3 scheme to the Iranian Offshore Engineering and Construction Company (IOECC).

    MENAFN1808202000450000ID1100653479

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