Tag Archives | Eni

EOR Vital to Iran Oil Industry

A senior official at Italy’s ENI says enhancing production from oilfields by even one percent would be a great advancement for Iran. Addressing an upstream forum at the 3rd Iranian Petroleum and Energy Club Congress and Exhibition in Tehran, Alessandro Tiani, Vice President of Enhanced Recovery Technologies and Advanced Reservoir Modeling at Eni, said raising […]

Italy’s Eni Happy with Total’s Presence in Iran

The CEO of Eni said the Italian oil giant is not competing with France’s Total in Iran, noting that it has also signed an agreement with the National Iranian Oil Company (NIOC) to develop oil and gas fields in the Islamic Republic. “We are happy that Total is in Iran. We are not competing to […]

Eni to Study Iranian Oil and Gas Fields

Italy’s oil giant Eni has signed a Memorandum of Understanding (MoU) with the National Iranian Oil Company (NIOC) to carry out initial studies on the development of an oil field and a gas field in Iran, a report said. Eni and NIOC inked the agreement on Tuesday in Tehran whereby the Italian firm will study […]

Iran to rent 35 Oil Tankers to Europeans

By John Lee. Iran has signed deals with a dozen European companies to rent its 35 oil tankers to them. Sirous Kian-Ersi, managing director of the National Iranian Tanker Company (NITC) told Mehr that all of the 35 deals are voyage charter. Companies involved are said to include Spain’s Cepsa and Italy’s Eni, according to […]

Iran Approves 29 Int’l Companies for Oil Projects

Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts. According to the report by the oil ministry’s news website Shana, 29 companies, including Shell, France’s Total, Italy’s Eni, Malaysia’s Petronas and Russia’s Gazprom and Lukoil, as well as companies […]

Italy’s Eni Eying Iran Investments

Italy’s oil giant Eni says it has serious plans to return to Iran’s oil industry in a yet another indication of the growing interest of global energy corporations to approach the country’s post-sanctions business opportunities. Eni CEO Claudio Descalzi told Reuters that his company would start working again in Iran when it has been repaid investments […]

BP in Talks with Iran to Develop 4 Oilfields

The Director of the National Iranian South Oil Company (NISOC), Bijan Alipour, said negotiations are underway with the British Petroleum (BP) on development of four oilfields in south of Iran. The National Iranian South Oil Company has held talks with 22 domestic and foreign companies for contracts to develop Karanj, Parsi, Rag Sefid and Shadegan […]

Int’l Oil Firms pitch for Iran Projects

Iran has received the first wave of proposals by major international companies to develop oil and gas projects within the new format of oil contracts recently approved by the administration of President Hassan Rouhani. Ten companies including big European firms such as Total, Lukoil, Shell, Eni, OMV and Asian giants like CNPC, Sinopec and Pertamina […]

Cabinet Approves New Oil Contract Model

An amended draft of Iran’s new model for oil and gas contracts was approved by the government on Wednesday. At a cabinet meeting in Tehran on Wednesday, the Iranian administration gave its final approval to the draft titled “General Conditions, Structure and Patterns of Upstream Oil and Gas Contracts” after it underwent over 150 minor […]

What’s Fueling Opposition to Iran’s New Oil Contracts?

By David Ramin Jalilvand, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s current buyback scheme, which reduces the role of international partners to that of service providers, has been very unpopular among international oil companies. It has been a major factor in the reduction of […]

NIDC Drills 42 Wells in South Azadegan, South Yaran Fields

The National Iranian Drilling Company (NIDC) has completed 30 wells in South Azadegan and 12 more in South Yaran oil fields, said the company’s first deputy managing director. “Up to 70 percent of drilling operation in South Azadegan filed has been carried out and it is planned to be completed in the next four months,” […]

Saipem signs Iran MoU

By John Lee. Italian oil and gas services company Saipem has entered into a Memorandum of Understanding (MoU) concerning potential cooperation on major projects in Iran. The MoU, signed with the Parsian Oil & Gas Development Company (POGDC), “envisages discussions aimed at Saipem’s potential cooperation in revamping and upgrading the Pars Shiraz and Tabriz refineries,” […]

NIDC Considers Int’l Orders, Prioritises Home Business

The National Iranian Drilling Company (NIDC) is in negotiations with Italian firms Eni and Saipem, with a view to offering its services internationally. Company boss Heydar Bahmani also said NIDC is in talks with the Iraqi National Oil Company for increasing cooperation and the two companies have signed an agreement in this regard. But he […]

Iran signs Development of Esfandiar Oilfield

The Iranian Offshore Oil Company (IOOC) and a Norwegian-Austrian company have signed a preliminary agreement for the development of the offshore Efandiar field, IOOC Managing Director Saeed Hafezi [Saeid Ha’fezi] (pictured) says. “The initial confidentiality agreement has been signed, the MDP (master development plan) prepared and sufficient data exchanged. We are only waiting for the […]