Iran to hold int'l bid for Yadavaran, North Azadegan fields: Oil official

EghtesadOnline: Iran is to hold several international tenders for its Yadavaran and North Azadegan oil fields, a senior oil official said stressing that the Chinese companies should also attend if they want to continue cooperation with Iran.

News ID: ۷۷۲۵۷۲

24 December 2016

Deputy for Engineering and Development Affairs of the National Iranian Oil Company (NIOC) Gholam-Reza Manouchehri told IRNA that China National Petroleum Corporation (CNPC) is willing to continue the deal on the development of North Azadegan oil field.

Stressing that the CNPC should apply according to Iran's new petroleum contracts, Manouchehri said the Chinese company has accepted Iran's conditions, IRNA reported.

He further noted that the NIOC has already held talks with China's Sinopec on development of Yadavaran oil field but still the company has to win an international tender to be held for it.

According to reports, the Chinese companies are responsible for developing the first phases of the two Iranian oil fields, but their performances have attracted certain criticism, persuading Iranian officials to reconsider ceding the development of Yadavaran and North Azadegan oil fields to them again.