Tag Archives | Petronas

Gazprom Neft, OMV, Petronas Proposals for Developing Oilfield

Russia’s Gazprom Neft, Austria’s OMV and Malaysia’s Petronas companies presented their proposed development plans for Iran’s Cheshmeh Khosh oil project. The proposals were explained at the 145th committee meeting of National Iranian Oil Company (NIOC)‘s reservoir advisors in Tehran. The plans presented by OMV and Gazprom Neft are aimed at defining a production ceiling for […]

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 […]

Iranol, Petronas Sign Coop Deal

Iran’s Iranol Company and Malaysia’s Petronas signed a cooperation deal on engine oil and industrial lubricants production. From Iranol, Isa Eshaqi, managing director of the company, signed the deal. “Based on the deal, Petronas has agreed to help Iranol with technology transfer for production of different industrial lubricants that comply with international standards,” he said. […]

Shell, Total likely to cooperate on Azadegan Oilfield

By John Lee. Mehr News Agency reports that Britain’s Shell and France’s Total are likely to form a consortium with an Iranian company to develop the Azadegan oilfield (pictured). An official at Iran’s Petroleum Engineering and Development Company (PEDEC) says the National Iranian Oil Company (NIOC) has so far signed four MoUs or confidentiality agreements […]

Japan’s Inpex to Study Major Iranian Oil Field

Inpex Corporation, Japan’s top energy developer, has signed a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to carry out studies on the development of the South Azadegan oil field, located in the southwestern province of Khouzestan, a report said. Inpex is a strong candidate for the project after signing an MoU […]

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 […]

Swan Energy signs Iran Gas Deal

By John Lee. India’s Swan Energy has signed a MoU with Petronasr and Alpha Energy for the development of Iran’s 20 trillion ft³ Sephied Baghun gas field. According to the report from Natural Gas World, the project comprises the construction of on-shore surface facilities and offshore gas liquefaction facilities at an estimated cost of around […]

Total Oil Deal: Other Oil Majors to return to Iran?

By Maysam Bizaer, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Will Total deal pave way for other oil majors’ return to Iran? French energy giant Total SA is back in Iran, six years after it was forced to halt its operations due to nuclear-related […]

Malaysia’s Petronas to Buy Iranian Oil

By John Lee. Malaysia’s Petronas has announced that it will purchase oil from Iran, following a break of after three years. Company President and CEO, Datuk Wan Zulkiflee Wan Ariffin (pictured), said on Wednesday that Petronas stopped importing crude oil from Iran in 2012 but it will consider purchase of oil from the Middle Eastern […]

Malaysia’s Petronas Visits Iran

Experts and managers from the Iranian Central Oil Fields Company (ICOFC) and Malaysian oil and gas company Petronas met on Wednesday to exchange ideas and share experiences. The visiting Malaysian delegation presented its experience in the international markets after which participants discussed organizational, training and management procedures. Building on bilateral relations between Iran and Malaysia, […]

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 […]