Iran to Launch Upstream Tender Early 2017

Iran to Launch Upstream Tender Early 2017

Iran will launch after January 2017 its first new-style tender to develop oil and gas fields since the lifting of sanctions, noting that the deadline to submit pre-qualification documents has been extended, Reuters reported.

National Iranian Oil Company’s (NIOC) Managing Director, Ali Kardor, said that 50 international oil companies have submitted their documents for the tender so far. He added: “We will assess the documents for a month and after that, probably after January, the first oil tender will be held for South Azadegan oil field.”

This comes as Indonesian companies showed interested in joining Iran’s upstream projects fields like Ab Teymour and Mansouri oilfields, according to Shana. Deputy Petroleum Minister in International Affairs and Trading, Amir Hossein Zamaninia, met with Chairman of the People’s Consultative Assembly (MPR) of Indonesia, Zulkifli Hasan, early December to discuss cooperation avenues in economic and energy grounds. During the meeting, Zamanina voiced Iran’s readiness to sell crude oil and liquefied petroleum gas (LPG) to Indonesia.

In related news, Indonesian energy giant, Pertamina, had received it’s first liquefied petroleum gas (LPG) cargo, of 44,000mt, from NIOC, at Kalbut Port in Indonesia in mid October. NIOC had agreed to supply Pertamina with a total volume of 600,000t of LPG for 2016 and 2017. Following the arrival of the first cargo, NIOC would immediately send the next cargo, which was expected to arrive late November.

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