Tag Archives | Lukoil

Iran completes first Oil-for-Goods supply to Russia

Iran has completed its first oil-for-goods supply to Russia. Under the agreement, Russia would buy 100,000 barrels a day of Iranian oil in exchange for Russian equipment and goods. Russia’s Energy Minister Alexander Novak says the first Iranian oil supply to Russia under the oil-for-assets program has been completed and the two sides could extend […]

Lukoil “One of the Favorites” for Iran Oil Field Development

By John Lee. Russia’s Lukoil is reported to be “one of the favourites” to win the contracts to develop Iran’s Mansouri and Shanguleh oil fields. Sputnik quotes company boss Vagit Alekperov (pictured) as saying that contracts could be signed in the next three to four months. The National Iranian Oil Company (NIOC), which announced a […]

Tehran, Moscow finalize Energy Cooperation MOU

The Memorandum of Understanding of the 14th Commission for Trade and Economic Cooperation of the Islamic Republic of Iran and the Russian Federation in the Oil and Gas Industries was set up in 38 articles. In the memorandum, the parties, while supporting the talks and agreements reached between the relevant ministries of the two countries, […]

Lukoil, NIOC sign MoUs on Caspian Sea Oil Project

The National Iranian Oil Company (NIOC) and Russian energy giant, Lukoil, have signed two MoUs for carrying out geological studies on oil projects in the Caspian Sea. The documents were signed in Moscow in a ceremony held in the presence of Iranian Minister of Petroleum Bijan Zangeneh and Lukoil Managing Director Vagit Alekperov in Moscow […]

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 […]

Lukoil, Pertamina propose Plans to Develop Mansouri Oil Field

Proposed plans by Russia’s Lukoil and Indonesia’s Pertamina to develop the Bangestan reservoir of Mansouri oil field have been reviewed by the National Iranian Oil Company’s (NIOC) Supreme Council of Reserves. The Council made comments on the plans and the improvement of the quality of the study and the reduction of existing uncertainties, which ultimately […]

DNO Submits Plan for Changouleh Oil Field

The National Iranian Oil Company (NIOC) has received a proposal from Norway’s DNO oil and gas operator for the development of Changouleh Oil Field, a major one in western parts of the country. Gholam-Reza Manouchehri, the deputy for development and engineering affairs of NIOC confirmed that DNO’s proposed plan for the development of Changuleh oil […]

Talks with 27 Foreign Firms over Major Oil Projects

Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said Tehran is in negotiations with 27 foreign companies over oil projects worth $200 billion. “I can assure you this (gas deal with Total) isn’t the last one,” Zamaninia told CNNMoney on the sidelines of an oil conference in Istanbul, Turkey, on Tuesday referring to […]

29 Int’l Companies Invited to Bid for Oil Project

A top Iranian official said the country is going to put development of its Azadegan oilfield out to tender in coming days, noting that 29 oil giants, including Shell and Total, have been invited to make their offers in the event. Ali Kardor, CEO of the National Iranian Oil Company (NIOC), said on Sunday that […]

Oil Majors Present Development Plans for Iranian Oil Projects

Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company (NIOC) for developing oil and gas reservoirs, chief executive officer of the NIOC has said. “Russia’s Lukoil, Indonesia’s Pertamina, Japan’s Inpex, French energy giant Total S.A. and Denmark’s Maersk Group are among the majors which have provided NIOC […]

Lukoil in Talks to Develop two Oil Fields

A senior official with Lukoil said the Russian energy giant is in talks with Iran to develop two major oil fields in western Iran. Lukoil is in negotiations with National Iranian Oil Company (NIOC) about the Ab Teymour and Mansouri oil fields in western Iran, Gati Al-Jebouri, Lukoil’s head of upstream for the Middle East, […]

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 […]

Oil Minister Hails Iran-Russia Cooperation in Oil Recycling

Iranian Oil Minister Bijan Namdar Zanganeh said the National Iranian Oil Company (NIOC) has begun close cooperation with Russian firms in oil recycling. “Various Russian oil companies have started their cooperation with the NIOC at a very good level for the development of oil fields and oil recycling,” Zanganeh said at a meeting with Russian […]

Thai Company to study Iranian Oil Fields

By John Lee. The National Iranian Oil Company (NIOC) and Thailand’s PTT Exploration and Production (PTTEP) have signed a memorandum of understanding on Tuesday to carry out preliminary studies of three oil fields in Iran: Changuleh, Balal and Dalamperi. The Ministry would then evaluate the company’s findings and decide whether to award the project development […]

Russian Oil Delegation to Visit Tehran Next Week

Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said representatives of a number of major Russian oil companies are scheduled to visit Tehran next week. Directors of several Russian oil firms, including Gazprom, Tatneft, LUKoil, and Zarubezhneft will hold talks with officials of the National Iranian Oil Company (NIOC) in the coming week, […]

Iran Eyes Major Energy Deals with Russia

Iran is planning to sign new agreements with Russian energy companies by mid-December, an official said. “We hope that by the second half of December, we are ready to sign major agreements with these six Russian companies,” Iranian Deputy Oil Minister Amir Zamaninia said Thursday, Sputnik reported. Speaking during the Russia-Iranian energy forum, he added […]

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 […]

NIOC, LUKoil Discuss Development of 2 Oilfields

The heads of National Iranian Oil Company (NIOC) and Russian oil company LUKoil met on Monday to discuss development of the Ab Teymour and Mansouri oil fields. Ali Kardor, managing director of NIOC, and Vahid Ali Akbarov [Vagit Alekperov], head of Russia’s largest oil company LUKoil, discussed cooperation over development of the two Iranian oil […]

Lukoil to Resume Refining Iranian Crude in Sicily

Russian energy giant Lukoil said it plans to resume refining Iranian oil on the Italian island of Sicily. Lukoil Chief Executive, Vagit Alekperov said his group will now resume processing Iranian oil at the ISAB refinery in Sicily where Russian Urals was used during years of sanctions on Iran. “At the moment Urals is more […]

Lukoil ready to Invest Billions in Iran

By John Lee. The Chief Executive of Russia’s Lukoil has said the company is studying two projects in Iran, including a possible return to the Anaran project. TASS news agency quotes Vagit Alekperov (pictured) as saying: “There are two agreements and there is an area of mutual interests. We’re interested in several sites there [in […]