Tag Archives | MAPNA

MAPNA Group Awarded Major Oil Projects

The National Iranian South Oil Company (NISOC) has signed a heads of agreement with MAPNA Group for the development of Parsi and Paranj [Karanj?] oilfields in the southwestern province of Khuzestan. The document was signed on Monday, August 6, by NIOSC CEO Bijan Alipour and Mojtaba Gharavi, director of MAPNA’s oil and gas section. MAPNA […]

MAPNA Ready to Replace Total in South Pars

Iranian holding company MAPNA Group voiced readiness to take over a project on development of the country’s South Pars gas field as French company Total has backed out of its contract with Iran for fear of the US sanctions. In an interview with Tasnim, CEO of MAPNA Abbas Aliabadi said his holding is prepared to […]

Iran Self-Sufficient in Gas Turbo-Compressors

The CEO of the Iranian Gas Engineering and Development Company (IGEDC) announced that the country has become self-sufficient in manufacturing turbo-compressor units used for transfer of natural gas. Speaking to the Tasnim News Agency, Hassan Montazer Torbati pointed to the country’s Resistance Economy policy and said indigenizing widely used and strategic equipment is one of […]

Germany’s Siemens Delivers 2nd F-Class Turbine to Iran

Siemens, the German industrial group, has shipped the second F-class gas tribune to Iran, a report said. Siemens has shipped the second F-class gas turbine for the project Bandar Abbas to Iran, Iranian media reported on Saturday. The first of the two F-class gas turbines to be used at the Bandar Abbas power station was […]

Iran’s New Industrial Policy to “Transform Political Economy”

By Esfandyar Batmanghelidj, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. New Industrial Policy Poised to Transform Iran’s Political Economy This past summer, the Industrial Development and Renovation Organization of Iran (IDRO) concluded landmark agreements with French automaker Renault and transportation giant Alstom as well […]

€3bn Siemens Credit Line on the way

By John Lee. Germany’s Siemens is reported to be preparing to provide 3 billion euros in financing for rail and power projects in Iran. Deputy Minister of Road and Urban Development for International Affairs, Asghar Fakhriyeh-Kashan, said on Tuesday: “Through financing a number of construction projects, Siemens plans to enter into a joint venture with […]

NIOC Signs Feasibility Study MOUs with OIEC, MAPNA

The National Iranian Oil Company (NIOC) and Oil Industries Engineering and Construction Company (OIEC) have signed a memorandum of understanding for feasibility studies on Sepehr oil field. The MOU was singed between Gholam-Reza Manouchehri, deputy head of NIOC for development and engineering, and Behzad Mohammadi, CEO of OIEC. OIEC is among 11 E&P companies qualified […]

NISOC, MAPNA agree Oilfield Study

A memorandum of understanding between the National Iranian South Oilfields Company (NISOC) and MAPNA Industrial Group has been signed in Ahvaz. According to this contract, three reservoirs of Karanj, Parsi and Rag Sefid will be studied within 6-months. In December, a Memorandum of Understanding (MoU) and Non-Disclosure Agreement (NDA) was signed between National Iranian South […]

Iran, Indonesia Sign MoU for Cooperation in Oil, Gas

Iran and Indonesia have signed a Memorandum of Understanding (MoU) for cooperation in oil and gas. The MoU was signed by National Iranian Oil Company (NIOC) and Indonesian oil companies and Iran’s Mapna and Indonesian PLN company also signed MoUs for cooperation in oil. Indonesian President Joko Widodo had in a meeting with President Hassan Rouhani […]

Siemens to Supply Iran with 50 Diesel-Electric Locomotives

Germany’s Siemens has signed an agreement with Iranian power and infrastructure group MAPNA to supply components for 50 diesel-electric locomotives to Iran, a report said. Under the contract, Siemens will deliver the components, which will be assembled in Karaj, Iran’s fourth-largest city, Business Recorder reported. The deal was signed during an official visit of German […]

Siemens Ships 1st F-Class Turbine to Iran

Germany’s Siemens has shipped the first F-class gas turbine for the project Bandar Abbas to Iran, according to a report by Diesel and Gas Tribune. The turbine has been delivered to the Islamic Republic as part of a contract between Siemens and Iran’s MAPNA. In March 2016, Siemens signed an agreement with MAPNA, Iran’s largest […]

Iran closer to rolling out new oil project contracts

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Dispute remains ongoing over whether parliamentary approval is required for the Iran Petroleum Contract (IPC), a new oil and gas contract model rolled out by the government for upstream projects. Conservative lawmakers want to […]

Siemens signs Energy Deal with Iran’s MAPNA

Germany’s Siemens said on Wednesday that it has signed a memorandum of understanding (MoU) with Iran’s MAPNA to help modernise Iran’s energy infrastructure. Siemens said that under the deal, MAPNA would acquire technological knowhow to manufacture Siemens gas turbines in Iran, and the parties would cooperate to deliver more than 20 gas turbines and generators […]