South Zagros Oil and Gas Production Companys experts have managed to successfully indigenize 3 key items in industrial operations.

Senior Iranian oil managers have said that sanctions or change of government in Iran will not terminate oil contracts. In their view, the Iranian Ministry of Petroleum plans to use different types of contracts for different oil and gas fields based on their degree of priority.

Deputy Minister of Petroleum for International Affairs and Trading Amir-Hossein Zamaninia says talks are underway with major international companies for investment in Iranian oil industry.

Minister of Petroleum Bijan Zanganeh said on Tuesday that Iranian oil industry needs $130 billion investment to meet the Sixth Five-Year Economic Development Plan (2016-21) targets.

Iranian and foreign investors can invest in more than 40 projects for development of oil and gas fields, read a message, penned by Managing Director of National Iranian Oil Company (NIOC) Ali Kardor on Monday.

Managing Director of National Iranian South Oil Company (NISOC) Bijan Alipour says manufacture of 14,000 oil industry items has been indigenized.

National Iranian Oil Company (NIOC) and Polish Oil & Gas Company (PGNiG) have signed a Memorandum of Understanding (MoU) based on which the Polish company will put studies on Sumar oil field on its agenda.

The “Well No. 23B” of Kangan field, operating since 2007, was discarded in the first half (March 20-September 21) of this year (started on March 20).

Investors from 17 countries have financed 124 industrial projects in Iran ever since Iranian President Hassan Rouhani took office in 2013, an industrial official says.

Iranian technicians have successfully accomplished overhaul of the separation and collection centers, of the power transmission lines and of pipelines of Parsian operation zone of South Zagros Oil & Gas Production Co. (SZOGPC).