IOEC Open to Foreign Investment
Abdol-Qasem Rahmani, CEO of Iranian Offshore Engineering and Construction Company (IOEC), says this company is in talks with international companies, particularly Europeans, for operating oil and gas projects.
“Gas or oil platforms like Forouzan platform, weighing 7,000 tons, used to be constructed in South Korea, but now there is such potential inside the country,” he said.
Rahmani explained about IOEC potentialities in operating infrastructure oil and gas projects, saying: “This company contributes to infrastructure projects in the oil and gas sectors in collaboration with foreign companies capable of investment.”
He also referred to IOEC plans for the current year and said a total of five platforms built for South Pars gas field are to be loaded out this year.
Rahmani said Platform 19C is now ready to start operation, adding: “Platform 19A and the platform of Phase 21 of South Pars have been loaded out on the barge to be transferred to sea for operation in July.”
“By installing five platforms in South Pars this year, more than 100 mcm/d of gas will be added to the country’s gas recovery capacity,” he said.
Private Sector Can Enhance Non-Oil Exports
Iranian President Hassan Rouhani has underlined the significance of boosting the country's non-oil exports and reaching out for stable markets especially in the region, adding, the private sector can set the country's non-oil exports in motion.
Addressing a gathering with a number of Iranian businesspeople, Rouhani said: "All economic activists, entrepreneurs, guilds and banks, backed by the administration, shall join hands to promote the country's production level and generate jobs."
He underlined the necessity of raising export of non-oil items and reaching out for stable markets in the world, especially in the region, adding that entrepreneurs and the private sector can set in motion the engine of non-oil exports for the country.
The Iranian president also stressed the role of banks in boosting national production and generation of jobs.
"Unless banks take steps and reduce interest rates, none of the problems with these two sectors will be solved," he added.
Russia’s Tatneft Eyes Iran Projects
Russia's Tatneft has announced plans to study investment in Iran’s oil projects.
Tatneft chief executive Nail Maganov said on the sidelines of the St Petersburg International Economic Forum: “Given our experience in recovery from oil reservoirs, we study projects and the possibility of active cooperation with Iran under the present circumstances.”
“In the meantime, we regularly monitor the situation in Libya and Syria in order to resume our oil cooperation projects in these two countries after necessary conditions are provided,” he said.
Tatneft is a Russian vertically integrated oil and gas company with headquarters in the city of Almetyevsk, in the Republic of Tatarstan. It is the sixth largest oil company in Russia.
The main shareholder is the Republic of Tatarstan through its holding company Svyazinvestneftekhim, which holds 34% of Tatneft. The Government of Tatarstan holds also a golden share in the company.
Iran-Turkmenistan Cooperation Deal Finalized
Special envoy of Minister of Petroleum for Export of Technical and Engineering Goods and Services Mohammad-Taqi Amanpour says the Iran-Turkmenistan $2.5 billion agreement was finalized.
Amanpour told more than 150 Iranian companies are now active in Turkmenistan.
He said Iran will import about 30 billion worth gas from Turkmenistan in the next 10 years, while exporting $30 billion worth technical and engineering worth goods and services to the country.
He said cooperation with Turkmenistan in the domain falls among policies of Iranian government and President Hassan Rouhani had talked with the Turkmen Party about the issue during his visit to Turkmenistan in 2014.
NPC Head Stresses Value-Chain Completion in New Projects
Managing director of National Petrochemical Company (NPC) underlined curbing crude oil sale as a primal NPC strategy under the 6th development plan, adding the company accepts new petrochemical projects only if they help complete the industry's value chain.
Marziyeh Shahdaei, who is also deputy petroleum minister in petrochemical affairs, said preventing sale of crude materials in a push to bolster the petrochemical industry in Iran is a chief strategy by NPC under the 6th five-year development plan (2016-2021), and completion of value chain gains much significance under the strategy.
"NPC considers for construction only those projects that complete the value chain of the sector," she added.
"NPC, as the custodian of the petrochemical industry of Iran, considers projects only if their investors take measures to complete the value chain and feedstocks like methane, ethane, propane, etc. are supplied to newly-built plants only if do so," the official said.
She said Iran will launch 11 petrochemical projects by the end of the current Iranian calendar year to March 20 2017 which will add nearly 6 million metric tons to the country's total petrochemical output.