IPC

  • NIOC Signs $2.4 B Oil Deal with Iranian Firm

    NIOC Signs $2.4 B Oil Deal with Iranian Firm

    Monday, 19th March 2018

    The deal aims to produce a maximum of 110,000 b/d with a total output of 512 million barrels from the two fields after 20 years.

  • Iran Delayed Contracting Chosen Bidders Until Reviewing IPC

    Iran Delayed Contracting Chosen Bidders Until Reviewing IPC

    Tuesday, 11th April 2017
    The Iranian Petroleum Contract (IPC), has been delayed since Iran’s Security Council is still reviewing it , delaying the operation of the 29 foreign oil and gas companies, that were shortlisted by Iran as bidders for hydrocarbon deposits earlier this year.
  • Iran’s New Contract Format Approved

    Iran’s New Contract Format Approved

    Tuesday, 23rd August 2016
    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.
  • Iran Approves IPC Terms

    Iran Approves IPC Terms

    Sunday, 7th August 2016
    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).