NIOC unveils 15 oil and gas investment opportunities
The National Iranian Oil Company (NIOC) published a list of 15 investment opportunities to be presented at the “Strategic Transformation in Iran’s Upstream Oil & Gas Sector” event, which is to be held on April 22 in Tehran.
The investment opportunities announced by the Oil Ministry include the development of oil and gas fields, exploratory blocks, flare gas recovery, natural gas liquids (NGL), liquefied natural gas (LNG), storage tanks, power generation and transmission, desalination plants, pipelines, optimization projects, gas pressure boosting, intelligent pigging, rapid-deployment processing units, and support projects (floating facilities, marine logistics, buildings, and roads), IRNA reported.
Earlier, the director of investment and business at the National Iranian Oil Company highlighted that 200 investment opportunities in upstream oil and gas industries — with an estimated total value of $137 billion — will be publicly unveiled for the first time at the upcoming event.
On Monday, Amir Moqiseh, the NIOC deputy director for the investment and business affairs, said that one of the goals of holding the major national investment event in Iran’s oil industry is to introduce the Oil Industry Guarantee Fund as a major measure to finance oil plans and projects, adding, “In this regard, agreements will be signed with the presence of banks, which will play an important role in attracting investment to the oil industry.”
Referring to the importance of this event, he added, “Senior government managers, executive officials from the presidential office and ministries, as well as the private sector and investors interested in investing in the upstream sector, will participate in this event. We invite all interested parties to register for this event and take advantage of this opportunity.”