Norway firm says best placed for Iran deals

Norway firm says best placed for Iran deals
The Norwegian oil and gas company DNO ASA said it sees itself best placed to boost recovery from Iran's oilfields and develop new ones as interest builds up in the energy superpower after the conclusion of nuclear talks.

DNO, listed on the Oslo Stock Exchange, is focused on the Middle East and North Africa. The company said it is interested in doing business in Iran since the country 'offers interesting opportunities', IRNA reported.

The Norwegian firm has been operating in Iraqi Kurdistan and Oman, and the technology and experience in those countries could be relevant to help boost Iran's oil output, it said.

"DNO is uniquely well placed as it operates oil and gas projects, both onshore and offshore, in three neighboring countries with specific synergies and opportunities," the company said.

Oil majors including Royal Dutch Shell, France's Total, BP and Italy's Eni have also indicated interest in new projects in Iran.

Energy officials say Iran has identified nearly 50 oil and gas projects worth $185 billion for development.

Oil Minister Bijan Namdar Zanganeh has said Iran will add 500,000 barrels per day to its export capacity within two months following the removal of the sanctions and one million barrels per day after six months.

Managing Director of the National Iranian South Oil Company Bijan Aalipour said this week that all necessary plans for raising oil and gas production have been developed.

He said operations for a return to the pre-sanction production ceiling will be done in the shortest possible time.

Mehdi Hosseini, head of Iranian Oil Ministry's Oil Contracts Revision Committee, said Iran hopes to boost crude production to 5.7 million barrels a day.


Aug 22, 2015 09:32
Iran Daily |

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The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.