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2017-07-08T08:54:45+03:30
Oil Minister:
Azadegan Oil Field Tender Officially Begins

TEHRAN (NIOC) _ The tender for the key Iranian joint oil field “Azadegan” has currently been underway and no speculation on which of the participating foreign and domestic firms would lucky to win the oil field is right, Iranian oil minister, Bijan Zanganeh said.


Declaring that there are several firms which has been officially invited for participating in Azadegan tender, Zanganeh mentioned that the competing companies both foreign and domestic have been invited in two levels of leaders and companions.
 “Based on Iranian new model of contract (IPC), the participating firms need to submit their technical proposals, then they must prepare their contractual- financial schemes to offer and there are many of them has already expressed their interest in Azadegan oil field.”, He stated.
Signing contract with France’s Total marks the fact that it has paved the way for further agreements.
Highlighting the priority for developing the joint oil and gas fields, the oil minister marked that until the end of the sixth development plan, the production rate of oil and gas condensate must reach 6 million barrels per day.
He also expressed the country’s hope for further cooperation from Asian and European firms to be accelerated even more than before.

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