MOSCOW (MRC) -- Iran is likely to launch a fresh round of negotiations with France’s Total and Britain’s Shell on the sidelines of OPEC summit underway in Algeria, reported Iranian news agency MEHR.
The 15th International Energy Forum (IEF15) is being held in Algiers from 26-28 September 2016.
In time with the fifteenth International Energy Forum in Algeria, Iran will hold talks with two European oil giants over inviting new tenders for the Iranian oil industry.
Accordingly, Iran’s Oil Minister Bijan Zanganeh is expected to meet and talk with the chairman and CEO of Total Patrick Pouyanne as well as Mike Muller, the top trading executive at Royal Dutch Shell.
Zanganeh’s separate talks with officials of Total and Shell will revolve around oil sales as well as inviting new tenders for Iran’s oil and gas projects.
Recently, Managing Director of National Iranian Oil Company (NIOC) Ali Kardor had announced that the first tender for development of oil fields is going to be held in within ICP format in October; "the development project for South Azadegan will be first oil field to be put out to tender."
Deputy oil minister also pointed to the proposals received from Total for partnership in development of South Azadegan joint oil field as well as Phase 11 of South Pars gas field adding "three developmental contracts will be inked before the end of the current Iranian calendar year (began March 20)".
Presently, Iran is now selling a daily average of about 160 to 200 thousand barrels to Total of France while a contract has also been sealed to sell single-shipment cargos to Royal Dutch Shell of Britain.
As MRC informed previously, in March 2016, The National Petrochemical Company (NPC) of Iran and Total signed a memorandum of understanding (MoU) to build a petrochemical complex in Iran. Total sealed the cooperation agreement with NPC to build a petrochemical complex after signing a separate deal to buy 160,000 bpd of Iranian crude oil. The complex will include a world-scale steam cracker unit in the coastal area. It will be based on a combination of feedstocks comprised of ethane, naphtha and LPG, as well as other available feed. In addition to steam cracker unit, the complex will include relevant downstream units for supplying its products to domestic and international markets.
Total S.A. is a French multinational oil and gas company and one of the six "Supermajor" oil companies in the world with business in Europe, the United States, the Middle East and Asia. The company's petrochemical products cover two main groups: base chemicals and the consumer polymers (polyethylene, polypropylene and polystyrene) that are derived from them.
Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
MRC