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IOID News

 Oil Show  
The 21st   International Oil & Gas Exhibition in Tehran in May 2016 saw a considerable participation by international Companies, especially because it was organized after the implementation of the process for lifting the sanctions. IOID actively participated in the Oil show, and was visited by many international companies who were exploring opportunities.


          

                                                                                 


 E&P Companies  
On 17th of May, 2016, NIOC issued a public call to qualify local Iranian companies with E&P capabilities. 49 companies participated and NIOC is in the process of selecting qualified companies. So far 8 companies have been pre-selected, and 9 others are under consideration. NIOC is targeting October 2016 to tender 12-15 oil and gas development projects, and for IOC's to participate with a joint Iranian local company qualified as an Iranian E&P. The defined projects require a total of $185 billion dollars of investment. The contracts will be concluded within the framework of Iran Petroleum Contracts (IPC). 


 IOID in International Press