Tag Archives | Aban oil field

Iran eyes $4bn in Developing two Oilfields

Iranian Minister of Petroleum Bijan Zangeneh says Iran expects to generate a total of 4 billion dollars by developing Aban and West-Paydar oilfields that it shares with neighboring Iraq. Addressing a ceremony to sign a contract to develop the two fields here in Tehran on Wednesday, the official said oil recovery from the two fields […]

NIOC “in Talks” to Develop 22 Oil, Gas Fields

The Deputy Head of the National Iranian Oil Company (NIOC) for Engineering and Development Affairs Gholamreza Manouchehri says his company is in talks with several upstream companies for the development of 22 oil and gas fields in Iran. Addressing a ceremony to sign a contract to develop Aban and West-Paydar oilfields by NIOC and a […]

Russian Firm to Invest $740m in Iranian Oil Fields

Russia’s state-controlled Zarubezhneft signed an agreement in Tehran on Wednesday to re-develop two oil fields in western Iran. It was the second post-sanctions oil contract awarded to Russia by Iran. Based on the agreement, the Russian firm would re-develop Aban and West Paydar oil fields. Both fields are located in areas bordering Iraq and are […]

Russian Companies Submit Plans to Develop Iran Oil Fields

Russian energy companies Zarubezhneft, Gazprom Neft and Lukoil have submitted plans to the National Iranian Oil Company (NIOC) to develop oil fields in Iran. Zarubezhneft representatives outlined their plans to increase the recovery rate of oil from the Aban and West Paydar fields, Iran’s Ministry of Petroleum announced on Monday. A memorandum of understanding for […]

Iran Signs NDA with Zarubezhneft

Iran has signed a basic non-disclosure agreement with Russia’s state-owned energy giant Zarubezhneft over two western oil fields. Based on the agreement, the Russian company will study West Paydar and Aban oil fields and will present its proposals to increase the recovery rate of both fields to the National Iranian Oil Company (NIOC). NIOC Managing […]