Managing director of the National Iranian Drilling Company (NIDC) said the firm needs to buy offshore rigs worth 200 million dollars as negotiations are underway with domestic and foreign investors from Asia and Europe. “Number of drilling rigs will increase to 80 next year (starting March 21),” Heydar Bahmani told Shana saying that NIDC currently owns 75 rigs. Bahmani added ...

9 out of 13 members of International General Insurance (IGI) have suggested to offer insurance risk coverage to Iran, a senior petroleum official said. Mohsen Qamsari, director of international affairs of the National Iranian Oil Company (NIOC), said the India, China and Turkey are traditional customers of Iran’s crude oil and ship their purchases by using Iranian insurance coverage. He ...

Research Department of National Iranian Gas Company (NIGC) has short-listed 70 laboratories from 1,500 private sector candidates as eligible for offering services to the country’s gas industry. Head of the NICG technical laboratory has said that the selection process was a sensitive one given the crucial role of laboratory services in the gas industry. Amir Fareqzadeh said proper laboratory services ...

Managing director of Arvandan Oil and Gas Company said the company is prepared to launch North Azadegan oilfield an output of 75,000b/d. North Azadegan is one of the oil fields in the West Karoun block whose development is highly priorities by Iranian petroleum ministry. Sultan Kamali said Arvandan is waiting for Petroleum Engineering and Development Company (PEDEC) to conclude its ...

Managing Director of the North Drilling Company (NDCO) said the company is ready to erect five more offshore rigs in the Persian Gulf oil field following launching of Sahar-2 rig in Salman field which Iran shares with UAE. Speaking at the signing ceremony of Sahar-2 leasing agreement between NDCO and Iranian Offshore Oil Company (IOOC), Ezatollah Hejazi said that the ...

Senior officials of Iran and Indonesia signed an agreement on cooperation in the areas of oil, gas and petrochemicals. An Iranian delegation left to Indonesia on Tuesday to participate in the first economic commission meeting on oil, gas, and petrochemicals held between the two countries, IRNA reported from Kuala Lumpur. The agreement was reached between Director General for Asia and ...

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