NIOC Signs $2.4 B Oil Deal with Iranian Firm

• Monday, 19th March 2018
• by Editorial Team

The National Iranian Oil Company (NIOC) signed an agreement for which the CAPEX is $2.4 billion with Pasargad Energy Development Company (PEDC) for the integrated development of Sepehr and Jofeir Fields, Fars News rep...

Iran Delayed Contracting Chosen Bidders Until Reviewing IPC

• Tuesday, 11th April 2017
• by

The Iranian Petroleum Contract (IPC), which was created to attract foreign investments in the aim of reviving the country’s energy industry, has been delayed since Iran’s Security Council is still reviewing it, Oil Pr...

Iran’s New Contract Format Approved

• Tuesday, 23rd August 2016
• by Egypt Oil & Gas

Iran’s Vice President, Eshaq Jahangiri, said that he signed an authorization for the Ministry of Petroleum to use the new format of the Iran Petroleum Contract (IPC) for oil and gas deals, Gulf News reported. Under th...

Iran Approves IPC Terms

• Sunday, 7th August 2016
• by Egypt Oil & Gas

Iran’s Council of Ministers has passed a regulation governing the general conditions, structure, and terms of upstream oil and gas contracts called Iran Petroleum Contract (IPC), Pennenergy reported. This step b...