Baku, Azerbaijan, May 2
By Khalid Kazimov - Trend:
Iranian Central Oil Fields Company (ICOFC) has capacity for attracting $8 billion in investment, says an official with the company.
ICOFC's Managing Director Salbali Karimi said his company seeks to lure foreign investments as part of the Iranian Oil Ministry's policies, SHANA news agency reported May 2.
ICOFC provides investors with opportunities to put more than $6.1 billion in the company's gas projects, added Karimi.
He said there are also opportunities for investing about $2.1 billion in the company's oil projects.
ICOFC offers about 30 percent of the total oil and gas projects offered to foreigners as part of the newly designed oil and gas contracts, known as the Iran Petroleum Contracts (IPCs).
According to documents of the IPCs, obtained by Trend, the total reserves at nine onshore oil fields of the ICOFC exceed 16 billion stock tank barrels and the reserves of its gas fields are above 55 billion cubic feet.
The company has undertaken production and development at the country's onshore fields located in the Illam, Boshehr, Charmahal-Bakhtiari, Northern Khorasan, Khozestan, Fars, Qom, Kermanshah, Kohgiloyeh-Boyerahmad, Lorestan and Hormozgan provinces.