World Business and Economic Analysis
World Business and Economic Analysis
Operator of the project for development of South Azaegan oil field Mahmoud Marashi says National Iranian Drilling Company (NIDC) has won the tender for drilling 20 oil wells in South Azadegan field.
Marashi said tender will soon be held for drilling of 20 more wells in South Azadegan oil field.
He said eight companies have run the bid for drilling 20 wells in South Azadegan. 'After financial and technical assessments, the NIODC named the winner of the tender.'
The official said the NIDC should drill the 20 wells in two years. Six drilling rigs will be employed for the purpose based on the schedule, he added.
Meanwhile, Managing Director of the NIDC, Mohammad-Reza Takaydi said his company is busy completing 40 wells in South Azadegan and the project is predicted to be complete by November 21.
He added that drilling of 20 more wells will then begin in the area.
Director of the International Affairs Department of National Iranian Oil Company (NIOC), Mohsen Qamsari, said on Monday that Iran needs foreign investment in development of joint fields.
'Any delay in development of joint fields will leave irreparable damage on the country,' Qamsari said.
Minister of Petroleum Bijan Zanganeh briefed Majlis closed-door session on Sunday on new model of oil contracts.
He said that the Oil Ministry has taken to account 15 points the Supreme Leader required to observe in foreign contracts.
Experts warn that any delay in signing contracts for foreign investment will hinder development of joint fields and will help the neighboring states to plunder Iranian oil reserves.
Qamsari said oil industry needs 100 billion dollars to be channeled to development projects in the form of investment.
A fresh round of talks between Iran and Germany’s Siemens was held in Tehran revolving around partnership in petrochemical industries during post-sanction era.
Siemens AG company of Germany, after returning properties of Iran’s oil industry which had been blocked due to international sanctions, has launched new negotiations with Iran over petrochemical cooperation in the post-JCPOA period.
Accordingly, delegation comprising high-ranking directors of the German firm have travelled to Tehran and held meetings managers of Iranian petrochemical industries as well as the Association of Petrochemical Industry Corporations (APIC).
The main axes of talks between the two sides include expansion of bilateral ties as well as boosting activities of the German firm in Iranian petchem industries by equipment and supply of parts to technical and management systems.
In addition to Germany, Iran has so far inked several Memoranda of Understanding (MoUs) for investment in petrochemical industries with Total of France, BASF of Germany, Japan’s Mitsubishi as well as Germany’s Linde.
On the other hand, Managing Director of Pars Oil and Gas Company (POGC) Ali Akbar Shabanpour had earlier referred to the release of turbo compressors of Phases 17 and 18 in South Pars field on the part of Siemens Company adding “the frozen assets in Europe and the United Arab Emirates have been freed."
Meanwhile, Member of the Managing Board of Siemens AG Siegfried Russwurm had also stressed “by the implementation of Iran’s nuclear deal, legal restrictions for the delivery of Iran’s oil properties have been eliminated and the equipment can be transferred to Iran.”
