Iranian oil ministry recognizes 8 companies for E&P

Oil&Gas Materials 3 July 2016 16:26 (UTC +04:00)

Tehran, Iran, July 3

By Mehdi Sepahvand –- Trend:

Eight companies have been recognized as meeting the requirements to act as exploration and production (E&P) companies in the oil industry, Deputy Oil Minister for Research and Technology Mohammad Reza Moqaddam said.

The companies will be able to work as partners with foreign investors, Moqaddam told SHANA news agency July 3.

He named the companies as Petropars, OIEC (Oil Industries Engineering and Construction), Dana Energy, PetroIran Development, Mapna Oil and Gas Co., Khatam ul-Anbiya Construction Camp (Subsidiary of the Islamic Revolution Guards Corps aka IRGC), Iran Industrial Projects Management Co. (subsidiary of Iran Industries Development and Renovation Organization), Persia Oil and Gas Development Co. (subsidiary of The Execution of Imam Khomeini's Order aka EIKO).