IPC puts priority on 3 oilfields: Zanganeh

July 30, 2017 - 7:17

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said three oilfields are top priority for tenders based on IPC (Iran’s new model of oil contract), Tasnim news agency reported on Saturday.

The minister mentioned the prioritized oilfields as Azadegan and Yadavaran oilfields (shared with Iraq in Iran’s southwestern region of Karoun) and also South Pars oil layer (in the Persian Gulf). 

According to the official, the IPC-based tender for Azadegan field is in progress and National Iranian Oil Company (NIOC) is planning on signing deal for it by the end of the current Iranian calendar year (March 20, 2018).

EF/MA

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