OIL PROJECTS
Iran gives firms nod to bid for tenders
China National Petroleum Corporation, Royal Dutch Shell and Total among the companies Tehran will invite to bid in tenders
Dubai — Iran qualified 29 international oil companies to bid in tenders for crude and natural gas development projects as the Persian Gulf state seeks investment in energy. China National Petroleum Corporation, Royal Dutch Shell and Total are among the companies that will be invited to bid in tenders, according to a list published on Monday on the website of National Iranian Oil. Total, along with Lukoil and the oil unit of Gazprom, are some of the companies on the list that have already signed preliminary agreements with Iran to study oil fields for potential future development. The National Iranian Oil Company will hold its first tender in late January to seek partners for a project to develop the South Azadegan oil field, the Iranian Students News Agency reported on Tuesday, citing the company’s MD, Ali Kardor. Shell and Malaysia’s Petroliam Nasional both signed preliminary agreements in December to conduct development studies at Azadegan and other oil fields. Iran aims to attrac...
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