Tehran, Iran, Oct.16
Trend:
The managing director of the National Iranian Oil Company announced the supply of crude oil via the stock exchange since the 6th of November, saying the minimum volume to be purchased is 35,000 barrels.
Citing privatization as the central approach of the National Iranian Oil Company, managing director of National Iranian Oil Company (NIOC), Ali Kardar said that Iran held negotiations with foreign companies to develop three oil fields in the country, and will announce further details in the next two weeks.
He made the remarks at the Fourth Strategic Oil and Power Conference in Tehran.
According to him, the contract with the Pergas Consortium for the development of the Karanj oil field has been finalized.
“One of the strategies is the evolution of the upstream projects approach from the cost-oriented to the field-oriented. The next strategy is to outsource midstream and downstream to the private sector,” he said.
Referring to the supply of crude oil via the stock exchange, he said that the supply announcement was released on October 23 and will be available on November 6th. One million barrels of crude oil will be supplied at the Iran Energy Exchange.
“In conducting plans and increasing the production capacity of oil fields, eight tenders have already been concluded, a contract has been concluded, and other documents of the plans have been finalized,” he said.
“We he would not allow any damage to Iran's oil industry development,” he noted.