Young Journalists Club | Latest news of Iran and world

News ID: 14782
Iran » Iran
Publish Date: 16:30 - 27 October 2017
TEHRAN, October 27 - Iran plans to seal energy contracts worth more than $20bn in 2018, Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said.

Iran to ink $20 bln energy contracts in 2018TEHRAN, Young Journalists Club (YJC) - Zamaninia told the Financial Times that the Islamic Republic was negotiating 28 provisional agreements with foreign oil companies. These include Maersk Oil and Rosneft to develop the oil layer in South Pars, the world’s largest gas field, and with Russian firms, Lukoil, Gazprom, and Zarubezhneft to develop oilfields, including Paydar Gharb, Abteymour and Mansouri.

“Any international oil company that you know, we are negotiating with . . . except the Americans,” he said.

He added that “if conservatively put” Tehran anticipated signing contracts worth more than $20bn over the next 12 months.

Zamaninia said he believed there was “no tangible change in international oil companies’ determination (to invest) and the speed of their negotiations with Iran” since US President Donald Trump refused to certify the 2015 nuclear deal between Tehran and world powers.

In early July, the Iranian Oil Ministry signed a $5 billion contract with France’s Total and China’s National Petroleum Company (CNPC) on development of the 11th phase of South Pars gas field, Tasnim reported.

Total has a 50.1 percent share in the 20-year deal. The state-owned China National Petroleum Corp. has a 30 percent stake and Iran’s Petropars has 19.9 percent.

The deal includes 30 wells and two production units.


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