Iran says it plans to introduce more than 50 new oil projects to international investors in what will be a key part of the country’s plans to boost oil production in an emerging post-sanctions era. Seyed Mehdi Hosseini, head of Iran’s Oil Contracts Restructuring Committee, has emphasized that the projects will comprise exploration and production […]
Tag Archives | Oil Contracts Restructuring Committee
Tags: featured, Iran Petroleum Contract (IPC), Oil Contracts Restructuring Committee, Petroleum Engineering and Development Company (PEDEC)
IGRC-Linked Companies may Partner with IOCs
The man responsible for Iran’s new oil contracts has said that domestic companies linked to the Islamic Revolutionary Guards Corp (IRGC) may be approved to partner international oil companies (IOCs) in joint ventures. Seyed Mehdi Hosseini, head of the Oil Contracts Restructuring Committee, said: “The point of these Revolutionary Guards is that they are engineering companies, […]