Raising gas output from phases 15-21 of the massive South Pars field is also envisaged by NIOC
in its future plans, he added.
So bidding IOCs offering such sharing will be given preferences over others, because NIOC
wanted to become an IOC.
in May 13 said it had found a gas field with around 260 BCF of in-situ reserve, of which 175 BCF were recoverable.
And shortly after the contract matrix is made public, the NIOC
will open 17 oil and gas blocks for international bidding.
The international tribunal ruled that a 25-year contract signed in 2001 by Crescent National Gas Corp -- a company co-owned by Dana and Crescent Petroleum -- and National Iranian Oil Co, or NIOC
, to supply gas to the UAE company is valid and NIOC
has been obliged to deliver gas since December 2005, Dana said in an emailed statement.
and Crescent signed the 25-year contract in 2001.
He added that the firm's representatives had recently held intensive discussions with NIOC
officials to develop hydrocarbon fields as well as enhanced oil recovery (EOR) projects.
He stressed on the importance of changing NIOC
into an international oil company referring to Naftiran Intertrade Company (NICO) as an exemplary.
On Wednesday NIOC
's Director for International Affairs Mohsen Qamsari said the European customers acknowledge that the NIOC
has been a reliable partner for decades and there is no alternative for Iran's oil.
Price negotiation meetings were held between Showa Shell and NIOC
in Tehran and in Tokyo over the past couple of months, the source said.
The 25-year contract between NIOC
and Crescent is valid, internationally binding and currently in international arbitration, as is known, and neither side has cancelled it," he added.
The 25-year contract, which is Iran's first contract for gas export from the south of Iran, was <p>between Crescent and NIOC
in 2001 after several years of negotiations.