Moreover, the follow-up IPC conference slated for February 22-24 in London to coincide the lifting of sanctions will further secure Iran’s strong return to international market, said participants of the Iranian Petroleum and Energy Club (IPEC) 2015 Congress and Exhibition on October 19-21.
“The important document which is going to be presented to the members is the Global Gas Model. It will be GECF’s flag,” Adeli, who was here to take part in the IPEC 2015 conference and brief the Petroleum Ministry on the arrangements of the summit, told Shana.
Previous GECF Gas summits were held in Qatar in 2011 and in Moscow in 2013 .This 3rd Gas Summit will be attended by heads of state and government of GECF member countries as well as guest international organizations.
GECF is comprised of 18 countries: Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, United Arab Emirate, and Venezuela.
In less than a week, the conference on Iran’s new oil contracts will be held in Tehran on November 28-29 which is going to introduce details of the new contract models for domestic and foreign investors, officials announced the new dates on Sunday.
In September, Minister of Petroleum Bijan Zangeneh welcomed foreign investment in Iran’s energy industry but said the Islamic Republic is interested in the technology transfer by foreign partners.
In the wake of nuclear deal in July, Iran has hosted high-ranking officials and corporate executives of major companies from Germany, Spain, Austria, Italy, and France to discuss new cooperation ventures.
At the recent IPEC 2015 conference, the Chief Upstream Officer of oil giant Eni said the Italian company is prepared to resume activities in Iran’s oil, gas and petrochemical projects following removal of sanctions.
“Employment of the modern technology and to carry out the oil industry projects and to develop oil and gas fields is top on the company’s agenda,” he added, which could be shared with the Iranian partners.
“In the new conditions, considering that some Italian firms have had cooperation with Iran in oil, gas and heavy industries, the ground is more prepared for their operation in Iran's economy,' he said in a meeting with Italian Prime Minister Matteo Renzi in New York.
Also the President Middle East and North Africa of Total Exploration and Production said France’s energy giant is ready for financing Iran’s oil projects as well as for transferring of technology following removal of sanctions.
Referring to the 50 percent plunge in the global crude oil prices as a fundamental challenge for the industry, he added, “We are going to lower project const in Iran and other parts of the world.”
In addition to GECF, Eni and Total, representatives from OPEC, IEF, Ansaldo, World Petroleum Council, OMV, Mistsui, Siemens, Mitsubishi Hitachi Power System, Linde and Mits attended the IPEC 2015.
An export increase of 500,000 barrels a day after removal of sanctions and a subsequent increase of another 500,000 barrels within six months are on the agenda based on the current capacity of crude production, officials said.
Iran is also pushing to regain its quota of 14.2 percent within OPEC and later to increase its share in the global market.
Your Comment