Iran has signed its first non-binding agreement under the Iran Petroleum Contract (IPC), but IOCs have yet to get involved.
In October, National Iranian Oil Co. signed a heads of agreement (HOA) with Persian Oil and Gas Development Co. – a local firm with close connections to Iran’s supreme leader, Ali Khamenei. Four fields in southwestern Iran – Kupal, Marun, North Yaran and South Yaran – are expected to be developed under the $2.2 billion deal.
Log in or register for a free trial to continue reading this article
Already a subscriber?
If you already have a subscription, sign in to continue reading this article.
Sign inNot a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.
Sign up