Transfer of 12% of the country’s crude oil processing to the private and non-governmental sector

According to Energy Press, Amir Moghiseh, in an interview with Shana news agency, stated that in the past, crude oil processing unit contracts were traditionally signed as EPC (Engineering, Procurement, and Construction) contracts, with a duration of three years, their implementation took over five years.vaz and the Central Processing Unit of South Azadan Joint Field (S-Tep) are among these projects.

He noted that the construction period for rapid setup of factory equipment (Skid-mounted) under public-private partnership contracts is less than two years, with a 10-year contract period. According to Article 20 of the Seventh Development Plan and Article 40 of the Production Financing Law, government organizations are obligated to transfer their participable to investors under public-private partnership.

Moghiseh, Investment and Business Manager of the National Oil Company, stated that in the phase, public-private partnership contracts the processing of 115,000 barrels of crude oil per were awarded to investors for the Mans (Asmari), Kalnar, Kabud, and Balarud fields. In the second phase, six contracts for the of 315,00 barrels per day, including MansouriBungastan) 65,000 barrels, Abtimur 30,000 barrels,shir 55,00 barrels, Keranj 55,00 barrels, Golkhari 60,000 barrels, and Mansourabad 50,000 barrels, were signed worth $1.671 billion.

Moghiseh added that a total of 430,000 barrels of crude oil per day has been transferred public-private partnership contracts in a skid-mounted setup, with 19,000 barrels for increased and 240,00 barrels for maintaining and enhancing oil production.