Iran's NIOC signs 13 oil deals worth $1.8bn

NIOC subsidiaries signed deals with 14 local companies

EPC, NIOC, IOOC, Nisoc, Offshore, Onshore

The National Iranian Oil Company (NIOC) announced that the Iranian Offshore Oil Company (IOOC) and the National Iranian South Oil Company (NISOC) signed 13 contracts worth a combined $1.8 billion with 14 local companies.

NIOC said that the contacts will add 185,000 barrels of oil per day to Iran's oil production capacity. NISOC awarded 11 deals and the other two were handed out by IOOC.

Among the contractors that won contracts were Global Petrotech Kish Company, Petro Iran Development Company, North Drilling Company, Iran Offshore Engineering and Construction Company, and Petropars.

The deals cover production sites in Khuzestan, Fars, Kohgiluyeh and Boyer-Ahmad, Bushehr, and Hormozgan.

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Oil & Gas Middle East - September 2020

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