Tag Archives | Band-E-Karkheh field

OMV not impressed by new Iran Oil Contracts

By John Lee. The Chief Executive of Austrian energy group OMV has said that Iran’s oil contracts are not yet suitable for his company to invest in planned projects in the country. Rainer Seele (pictured) told Reuters on Wednesday: “This process is still ongoing; this is taking quite a long time… We have not yet […]

NIOC, Austria’s OMV Sign Cooperation Agreement

The National Iranian Oil Company (NIOC) and Austria’s OMV, the international, integrated oil and gas company, have met in Tehran and signed a Memorandum of Understanding (MoU) concerning the evaluation of various fields in the Zagros area in the west of Iran, for potential future development. The MoU also covers an envisaged cooperation in the […]