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]]>Director for International Affairs of the National Iranian Oil Company (NIOC) Mohsen Qamsari was quoted by Press TV as saying that Shell and BP had purchased two to three consignments of oil from Iran over the past few months.
Each consignment, Qamsari added, comprises around one million barrels of oil.
The official added that the sales to the two companies had been conduct through spot contracts.
Qamsari further underlined that Iran expected to increase oil sales to Shell and BP in the near future through more spot contracts.
He added that talks were also underway with both companies on long-term sales deals.
Qamsari said that Iran’s average 2016 oil exports stood at around two million barrels per day.
Iranian media reported that the country’s current crude oil production was close to four million barrels per day — almost the same as before sanctions were imposed against the country in 2011.
Iran exports the bulk of its crude oil to Asian consumers including India, China, South Korea and Japan.
Figures released earlier this week showed that Iran’s oil exports to Asian clients had doubled in November compared to the figure for the same period last year.
A report by Reuters to the same effect showed that the four major Asian consumers of Iran’s oil had imported a total of 1.94 million barrels per day of oil from the country in November. The figure, the report added, was 117 percent higher than the amount for last year.
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]]>Aiming at attracting maximum investment and modern technology, Iran’s Oil Ministry, in addition to introducing new model of oil contracts, dubbed as the Iran Petroleum Contract (IPC), has allowed National Iranian South Oil Company (NISOC) to prepare its own specific model for oil contracts.
The model of contract based on which the NISOC has signed several Memorandums of Understanding with international companies was drawn up an aim to attract foreign investment and new technologies.
Speaking on the sidelines of a meeting with Iranian companies, Managing Director of NISOC Bijan Alipour said his company was conducting meetings with qualified Iranian and foreign firms.
He urged domestic firms to pick up foreign partners in order to take advantage of financial resources and modern technologies for cooperation and development of Iranian oil fields.
He voiced optimism towards outcomes of meetings and expressed hope that a number of Memoranda of Understanding (MoUs) will be inked.
He said two MoUs had been signed with Pergas Consortium and Schlumberger in the framework of the NISOC contract model; “talks are underway with BP (British Petroleum), Argentina’s largest oil company YPF in addition to China’s Sinopec and CNPC.”
Alipour also pointed to the upcoming visit of PGNiG (literally: Polish Petroleum and Gas Mining) officials to Tehran in order to begin negotiations with NISOC.
Based on the NISOC contract, the Parsi, Karanj, Rag Sefid and Shadegan fields, consisting nine reservoirs, will be developed.
The nine reservoirs consist Asmari, Pabdeh and Khami reserves in Karanj field, Asmari, Bangestan and Khami reservoirs in Rag Sefid field, Asmari reservoir in Parsi field and Asmari and Bangestan reservoirs in Shadegan field.
Under the contract model, National Iranian Oil Company (NIOC) will be the employer and the NISOC will be executive leading the project on behalf of the NIOC.
The contractor of the project or the qualified Iranian or foreign oil companies will have to finance the projects.
NISOC contracts comprise two types including Contracts for Enhanced Oil Recovery (EOR) or Improved Oil Recovery (IOR) as well as Performance Based Contracting (PBC), also known as performance-based logistics (PBL).
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]]>Seyyed Mohsen Ghamsari touched upon resumption of oil exports to British firms in the post-JCPOA era saying “so far, two crude oil and gas condensate cargos have been sold to two companies in the UK.”
Executive director for international affairs at National Iranian Oil Company (NIOC) emphasized that the two cargos have been exported to Britain under single-shipment contracts; “negotiations are still in progress with companies like Shell or BP to ink long-term oil sale agreements.”
The official further stressed that a single cargo of gas condensate has been recently sold to BP asserting “under the spot contract, one million barrels of Iranian gas condensate were delivered to the British company.”
“Talks have also begun with Royal Dutch Shell Oil industry company over long-term sales of crude oil though no final agreement has been reached yet,” stated Ghamsari.
He recalled that mechanism and volume of oil sales within long-term deals are still being negotiated with Shell; “NIOC will continue negotiations with the British firm in order to finalize the contracts.”
In July, Shell imported 130,000 tons of Iranian crude from Kharg Island on 8 July to continental Europe with the destination being Rotterdam of the Netherlands.
Iran’s NIOC had earlier subjected new orders by Shell to clearing its debts for previous purchases and it was in April that the Iranian company confirmed clearance of the 2.8-billion-dollar debt by the Anglo-Dutch company.
Earlier this year, Ghamsari had maintained that Shell owns refineries or shares of refineries in various world countries adding “the possibility exists for Shell to transfer a portion of the purchased crude to Germany.”/MNA
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