Iran “Ready to Export Technical, Engineering Services to Iraq”

By John Lee.

The CEO of the National Iranian Oil Company (NIOC) has said that Iran is ready to export technical and engineering services to Iraq.

Addressing a meeting of the Joint Working Group on Iran-Iraq Oil Cooperation, Mohsen Khojastehmehr, said:

"Iran wants to benefit from Iraq's participation in the development of the oil and gas industry ...

"It is time for Iran and Iraq to take practical steps to cooperate in the field of oil and gas activities and the scientific, technological and educational sectors."

The Iraqi delegation to the meeting was led by Deputy Minister of Oil, Bassem Mohammad Khedir,

(Source: Shana)

The post Iran "Ready to Export Technical, Engineering Services to Iraq" first appeared on Iraq Business News.

Iran’s $1.4bn Deal for Oilfields near Iraq Border

By John Lee.

The National Iranian Oil Company (NIOC) has agreed a $1.4-billion deal to develop two oilfields in Khuzestan, near the border with Iraq.

The National Iranian South Oil Company (NISOC) and Iran’s MAPNA Group signed a ten-year contract within the IPC framework, to improve the recovery rate, increase production and exploitation of the Parsi and Paranj fields.

According to the NIOC, the deal aims to achieve a maximum production of 85000 barrels of oil per day and an additional cumulative production of about 121 million barrels, with an estimated direct capital cost of $ 876.6 million and an indirect cost of $ 235.3 million. Also the cost of exploitation is estimated at $ 269 million.

Work description of this contract includes upgrading and construction of surface installations (operation unit, desalination, gas pressure collecting and boosting facilities, gas injection facilities, flow and transmission pipelines and other related facilities), drilling of new wells and repairing existing wells, split layer operation, gas lift operation, drilling and EOR studies, piloting EOR plans, human resources training, technology transfer, and research and development.

Implementing this plan while increasing the crude oil production capacity of the country, will create widespread employment opportunities in Khuzestan province and also a favorable job market.

Parsi oil field is located in ​​South Dezful, about 125 kilometers from Ahvaz and Paranj Square is located between Karanj and Parsi fields, 75 kilometers from Behbahan and 40 kilometers from Ramhormoz.

(Source: NIOC)

Iranian National Oil Company opens Office in Iraq

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

The National Iranian Oil Company (NIOC) decided May 4 to open an economic representative office in Iraq.

The decision was made during a meeting bringing together executives at Iraq’s Oil Ministry and Iranian oil industry equipment producers, on the sidelines of the Iran Oil Show 2019.

Ramin Gholampour Dezfouli, NIOC’s director for support, construction and goods supply, said only Iranian companies approved by the NIOC will be able to partake in Iraqi Oil Ministry projects.

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Iran Oil Co to Open Office in Iraq

The National Iranian Oil Company (NIOC) will set up a representative office in Iraq to facilitate activities by Iranian producers and constructors in the neighboring state.

The issue was discussed in a meeting between Iranian oil industry equipment producers and senior managers of the Iraqi Ministry of Oil on the sidelines of the 24th Iran Oil Show in the Iranian capital of Tehran on Friday (May 3).

The meeting was attended by Iraqi Deputy Oil Minister Mahmoud Abdul Amir Hashim, the NIOC director for support, construction and goods supply, Ramin Qalambor Dezfouli, and a number of oil equipment producers.

Speaking in the meeting, Qalambor Dezfouli said the gathering was aimed at providing Iranian constructors and producers with the opportunity to establish a closer connection with their Iraqi counterparts.

“We have been seeking to achieve this goal for about three years as Iranian producers and constructors are acting independently in Iraq. Currently, we aim to establish an NIOC representative office in Iraq to represent the Iranian Ministry of Petroleum in the country.”

He added, “We are seeking to work out solutions to enable Iranian producers and constructors to cooperate with Iraq’s private sector.”

Qalambor Dezfouli said the office will be responsible for connecting Iranian oil industry’s constructors and producers with the Iraqi Ministry of Oil.

“Given that Iranian constructors do not have international certificates and licenses, we are cooperating with the Iraqi Ministry of Oil to set up a mechanism through which those Iranian companies that are approved by the NIOC, receive approval from the Iraqi Ministry of Oil and, thus, be able to participate in the implementation of oil projects in the neighboring state.”

The 24th Iran International Oil, Gas and Petrochemical Exhibition (Iran Oil Show 2019) began on Wednesday (May 1) and will continue until May 4 (Saturday).

(Source: Shana)