• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 2 mins Is Europe heading for winter of discontent with extensive gas shortages?
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days The United Nations' AGENDA 2030 - The vision for One World Governance ...an article by the famous Dr Robert Malone
  • 2 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 2 days "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)
  • 4 days Hopes Are Dashed For International Oil Companies In North Iraq
  • 22 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 3 days The Federal Reserve and Money...Aspects which are not widely known
PetroChina Threatens To Withdraw From Iraq

PetroChina Threatens To Withdraw From Iraq

PetroChina is allegedly threatening to…

Iranian Firm Signs Oil, Gas Deal with Russian And Turkish Companies

Iranian non-governmental firm Ghadir Investment Company has signed a deal with Russia’s Zarubezhneft and Turkish energy company Unit International to finance and develop oil and gas projects in and outside Iran, the news service of the Iranian oil ministry, Shana, reported.

The three companies will set up joint ventures to fund oil and gas development projects, with Ghadir Exploration and Production Company leading the consortium in which each company will have equal share of the financing.

Non-governmental Ghadir Investment Company (GIC) has been given approval by the Iranian oil ministry to carry out oil and gas development projects.

According to Platts, Ghadir is affiliated to the Armed Forces Social Security Organization and is the largest investment company listed on the Tehran stock exchange.

Ghadir has signed agreements with the National Iranian Oil Company (NIOC) to carry out feasibility studies for phase 3 of the of the Darkhowin oil project, as well as for the Sepehr and Jofeir oil fields and the Kish gas field.

Both of Ghadir’s foreign partners in the latest oil and gas venture—Zarubezhneft and Unit International—are not new to signing deals with Iran.

Last month, Zarubezhneft signed a memorandum of understanding (MoU) with the National Iranian South Oil Company (NISOC) to study the possible development of Iran’s Shadegan and Rag Sefid oil fields. The Russian firm was also one of the firms with which the NIOC has signed 28 MoUs with local and international companies for possible development of oil and gas fields in Iran since most of the Western sanctions on Iran’s oil were lifted.

Turkish energy company Unit International, for its part, signed in June last year a US$4.2-billion deal with the Iranian energy ministry to build seven natural gas combined-cycle power plants in different regions in Iran with a combined installed capacity of 6,020 megawatts.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News