Paradigm shift in oil with the acceptance of private sector investors

Paradigm shift in oil with the acceptance of private sector investors

The CEO of the company, emphasizing that the acceptance of direct private investment in oil projects is a paradigm shift in the Ministry of Oil, said: "The early oil processing contract for the Golkhari field, worth $226 million, has provided the ground the real presence of the private sector an investor in oil production."
Reducing the risk of private investment in the oil industry

Reducing the risk of private investment in the oil industry

The CEO of Petroiran Development Company, announcing that the investment volume in the contract for the supply of four drilling rigs to the National Iranian Oil Company is around 200 million dollars, said: "In the public-private partnership contract model, the company's activities are guaranteed for five years which reduces the risk of private sector."
Selection of Oil, National Pattern in Utilizing New Technologies

Selection of Oil, National Pattern in Utilizing New Technologies

The Secretary of the Supreme Selection Council of the country, appreciating the achievements of the Central Selection Committee of Oil, announced: Many national innovations in the field of selection, including the online system and the use of artificial intelligence for wise selection, have been designed and implemented for the first time in the selection of the Ministry of Oil, and this set has become a leading model for the entire country.