Tag Archives | Unit International

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 […]

Turkish Firm considers Multi-Billion-Dollar Investment in Iran

By John Lee. Turkish electricity producer Zorlu Enerji is in talks with Iranian authorities to build gas-fired power plants in Iran. CEO Omer Yungul (pictured) told Bloomberg that the company plans to invest “a sizable amount” in Iran. The article speculates that the total capacity may be similar to plans by Unit International, owned by […]

Turkish Energy firm’s Plans for Iran could boost Rouhani

By Barın Kayaoğlu, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. How Turkish energy giant’s plans to light up Iran could boost Rouhani The Belgium-based Turkish global energy firm Unit International has reached an agreement with the Iranian Energy Ministry to build seven natural gas-powered […]

Turkish Firm Signs $4.2bn Iran Power Plant Deal

A major Turkish energy company has finalized a $4.2-billion deal with Iran’s Energy Ministry to set up seven natural gas power plants in the Islamic Republic. Turkish energy company Unit International said in a statement on Saturday that it has inked an agreement with Iran to build seven power stations with about a combined installed […]