An Iranian deputy oil minister says following introduction of the new format of Iran's oil contracts, international companies have indicated their readiness to work with Iran based on the new contract.
Roknoddin Javadi, deputy oil minister and managing director of the National Iranian Oil Company (NIOC) made the remarks after a meeting with senior executives of a number of international oil majors on the sidelines of an international conference in Tehran, Iran’s SHANA news agency reported.
Javadi said his negotiations with representatives of foreign companies have been positive, adding, “These and other international companies active in oil industry are ready to cooperate with Iran within the framework of deals based on the new Iran Petroleum Contract (IPC).”
The official added that during his talks with France’s Total and Malaysia’s Petronas companies, they have discussed available grounds for development of hydrocarbon fields in Iran and commissioning of liquefied natural gas (LNG) plants.
“Representatives of Russia’s Lukoil have also indicated their readiness to cooperate with the National Iranian Oil Company in the field of developing hydrocarbon fields,” he said.
About NIGC
The National Iranian Gas Company (NIGC) was established in 1965 as one of the four principal companies affiliated to the Ministry of Petroleum of the Islamic Republic of Iran.