Eric Watkins
Senior Correspondent
LOS ANGELES, Nov. 2 -- Tender documents for Iran's Azadegan development are expected to be ready by Dec. 15, said Gholamhoseyn Nowzari, National Iranian Oil Co. (NIOC) managing director, at an NIOC seminar in Tehran.
In October, Japan's Inpex Corp. agreed to reduce to 10% its concession in Iran's Azadegan oil field from the current 75%, with the outstanding 65% stake to be transferred to NIOC (OGJ Online, Oct. 6, 2006).
Nozari also announced that NIOC expects to finish the preparation of a directive on modifications to buy-back deals by next week.
Meanwhile, Nowzari said, NIOC held discussions Oct. 31 with Total SA concerning a project to develop South Pars gas field and the Pars LNG project.
Nowzari expressed hope that South Pars Phases 6-8 would be commissioned by Mar. 20, 2007, the end of the current Iranian year.
Nowzari also said NIOC last week discussed development of Yadavaran oil field in southern Iran with an unnamed Chinese company whose officials plan to visit Iran next week to make a final decision on participation.
Contact Eric Watkins at [email protected].
