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Iran to Boost Oil Output Via $1.2 Billion Deal With Local Firms

Iranian energy companies have agreed deals worth $1.2 billion to raise the nation’s crude output, state-run National Iranian Oil Co. said. ....

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Iran Oil Firms to Sign $1.2 Billion in Deals to Boost Output

Iran to Boost Oil Output Via $1.2 Billion Deal With Local Firms
Bloomberg
1/3/2021
Arsalan Shahla
© Bloomberg
Workers cross a walkway between zones aboard an offshore oil platform in the Persian Gulf s Salman Oil Field, operated by the National Iranian Offshore Oil Co., near Lavan island, Iran, on Thursday, Jan. 5. 2017. Nov. 5 is the day when sweeping U.S. sanctions on Iran’s energy and banking sectors go back into effect after Trump’s decision in May to walk away from the six-nation deal with Iran that suspended them.
(Bloomberg) Iranian energy companies have agreed deals worth $1.2 billion to raise the nation’s crude output, state-run National Iranian Oil Co. said. ....

Kohgiluyeh Va Buyera Mad , Lavan Island , Boyer Ahmad , Bijan Namdar Zanganeh , Joe Biden , National Iranian Offshore Oil Co , National Iranian Oil Co , Iranian Offshore Oil Co , Persian Gulf Salman Oil Field , National Iranian South Oil Co , Organization Of Petroleum Exporting Countries , Persian Gulf , Salman Oil Field , Bloomberg Workers , National Iranian Oil , Oil Minister Bijan Namdar Zanganeh , Iranian South Oil , Iranian Offshore Oil , Petroleum Exporting Countries , லாவன் தீவு , ஓஹோ பிடென் , தேசிய இராநியந் கடல் எண்ணெய் இணை , தேசிய இராநியந் எண்ணெய் இணை , இராநியந் கடல் எண்ணெய் இணை , பெர்சியன் வளைகுடா சல்மான் எண்ணெய் புலம் , தேசிய இராநியந் தெற்கு எண்ணெய் இணை ,

Iran to boost oil output via $1.2 billion deal with local companies

Iranian energy companies have agreed deals worth $1.2 billion to raise the nation’s crude output, state-run National Iranian Oil said.
The signings were initially meant to take place on Monday in Tehran in the presence of Oil Minister Bijan Namdar Zanganeh, but have been delayed, NIOC said in a statement. The company didn’t disclose the reason for or length of the delay.
Zanganeh said in mid-December that Iran planned to roughly double oil production in the next year to 4.5 million barrels daily, as the country anticipates a loosening of US sanctions after Joe Biden becomes president.
National Iranian South Oil Co. and Iranian Offshore Oil will sign deals with domestic contractors covering onshore fields in Bushehr, Fars, Khuzestan, and Kohgiluyeh and Boyer-Ahmad provinces, NIOC said. The offshore Reshadat deposit in the Persian Gulf is also part of the agreements. ....

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