Tag Archives | Ghadir Investment Company (GIC)

Iranian Consortium Awarded Khark NGL Project

The managing director of the Iranian Offshore Oil Company (IOOC) says an Iranian consortium has been awarded the development of Khark Island’s natural gas liquids (NGL) project. Hamid Bovard said Ghadir Investment Company and the SAFF Group has formed a consortium for development of the project. Addressing a press conference on the sidelines of the […]

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, Russia, Turkey Sign $7bn Drilling Deal

Turkey’s Unit International announced it has signed a $7 billion agreement with Iran’s Ghadir Investment Holding and Russia’s state-owned Zarubezhneft to drill for oil and natural gas in Iran. In a statement, Unit said the three companies had invested a total of $7 billion for the drilling, which would take place at three oil fields […]

GIC Signs Agreement with Unit International, Zarubezhneft

Iran’s Ghadir Investment Company has signed a trilateral agreement with Russia’s Zarubezhneft and Turkish energy company Unit International to finance oil and gas development projects. Signed in Moscow on Monday, the deal concerns development of oil and gas projects in or outside of Iran. Based on the agreement, the three companies will form joint ventures […]

Socar Eyes Energy Deals with Iran

An official with Azerbaijan’s Socar said his company is banking on signature of key oil and energy deal with Iranian partners in the current year. Ali Asghar Taheri, speaking on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017), said Socar is in talks with Ghadir Investment Group […]

Iran’s Largest Solar Power Plant Launched

The Islamic Republic of Iran inaugurated its biggest-ever solar power plant near the central city of Isfahan in a bid to make further use of renewable energy resources. The project, which took seven months to be completed, has been constructed jointly by Iran’s Ghadir Electricity and Energy Company and Greece’s Metka engineering firm. The plant […]

NIOC Seals Oilfield Study MoU with Iranian Firm

The National Iranian Oil Company (NIOC) has signed a memorandum of understanding (MoU) with Ghadir Investment Company (GIC) to carry out studies of oil and gas fields in Iran. Based on the deal, GIC will study the Kisha, Sepehr, Jofeir and phase III of Darkhowin oil and gas fields; GIC will have 6 months to […]