NIOC introduces 14 oil exploration blocks to domestic, foreign companies

May 7, 2018

TEHRAN- National Iranian Oil Company (NIOC) introduced 14 oil exploration blocks in Iran to the Iranian and foreign companies in a meeting in Tehran on Monday, Shana news agency reported.

The meeting participated by the representatives of Iranian and foreign companies was held on the sidelines of the 23rd Iran International, Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2018) which kicked off at the Tehran Permanent International Fairgrounds on Sunday.

Of the 14 blocks, three onshore blocks are located in the Persian Gulf and three offshore blocks are located in the northeast of the country.

NIOC plans to name more onshore and offshore exploration blocks in the future.

MA

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