Iran, Argentina’s Pluspetrol talk oil co-op
Baku, Azerbaijan, Jan. 7
By Fatih Karimov – Trend:
Argentinian oil and gas company Pluspetrol is negotiating with Iran to participate in development of the Islamic Republic's oil fields.
The National Iranian South Oil Company (NISOC) is in talks with Pluspetrol for cooperation in development and recovery rate increase of the NISOC oilfields, Bijan Alipour, managing director of the NISOC said, Mehr news agency reported Jan. 7.
The NISOC earlier announced that four fields (Parsi, Karanj, Rag Sefid and Shadegan), including nine oil reserves, are specified for development based on NISOC contract framework which is confirmed by Iran's oil ministry.
The nine reserves include Asmari, Pabdeh and Khami in Karanj field, three reserves in Asmari, Bangestan and Khami in Rag Sefid field, Asmari field in Parsi field and two reserves of Asmari and Bangestan in Shadegan field.
As Iran's largest oil company, NISOC is producing about 83 percent of all crude oil and 16 percent of natural gas produced in the country.
Earlier Bautista Vermal, business development manager of Pluspetrol said that his company is keen to expand cooperation with Iran in oil, gas and making investment in upstream and downstream sectors.
Pluspetrol is one of the private E&P companies in Latin Americ. With its first operations in Argentina, the company is, at present, the largest oil and gas producer of Peru and one of the most important gas producers in Argentina.