Iran names 29 foreign firms to bid for oil and gas projects
The Dollar Business Bureau Iran has allowed 29 companies from over a dozen countries to bid for projects in oil and gas using the latest, less restrictive model - Iran Petroleum Contract (IPC), according to SHANA, the news website of oil ministry. The list of pre-qualified companies include the Netherlands-headquartered Shell, Italy's Eni, Malaysia's Petronas, France's Total, and Russia's Gazprom and Lukoil, and also firms from Austria, China, Japan and some other countries. The Islamic Republic is hoping that the new IPC model, part of its efforts to sweeten the terms it provides on oil development contracts, will help in attracting international investors and enhance output after years of sanctions. The list didn’t include oil multinational British Petroleum (BP). According to The Financial Times, ...
Saudi Aramco, Total to tap Indias fuel retail space
The Dollar Business Bureau International oil firms like Saudi Aramco, Total SA and BP plc are planning to tap India’s retail fuel market, Oil Minister Dharmendra Pradhan said on Friday. This clearly reflects the increasing role of the country in the crude landscape of the world, he said. The fuel market of world's fastest growing economy can be a lucrative prize for the global oil majors seeking retail outlets for diesel and gasoline. The country has registered the fastest growth in oil demand across the world during the first quarter of CY 2016. India is replacing China as the driver of global growth, as per the International Energy Agency’s latest report. Saudi Aramco wants to enter the Indian market and the Indian Government ...
Modi meets oil bigwigs to give fillip to investments
The discussions focused on "subjects such as increasing the share of gas in India's energy mix, fresh investment in oil and gas exploration in India, regulatory frameworks, international acquisition of oil and gas assets among others Source: PTI Prime Minister Narendra Modi will hold talks with top leadership of Malaysia on ways to ramp up bilateral cooperation in areas including defence and security. The two sides are likely to sign a number of MoUs. Prime Minister Narendra Modi on Tuesday interacted with global oil and gas experts including BP Group CEO Bob Dudley and International Energy Agency (IEA) Executive Director Fatih Birol to discuss ways of boosting investments in times of low oil prices. "The interaction which lasted over two hours also included ...
