NIOC: Deadline for bids on oil, gas projects pushed back to Feb. 15
National Iranian Oil Company has extended a deadline for bids on oil and gas projects.
Head of NIOC, Ali Kardor said the deadline for bids had been pushed back to February 15. The official went further adding the original late January deadline had been extended because "information from some companies was not complete."
Kardor also said that British Petroleum had still not submitted a bid. " BP has not yet sent its information to us. Although we said this is an official process and you need to enter your information, they haven't done it," he added.
In January, Iran's Oil Ministry published a list of 29 international companies qualified to bid for oil and gas projects following the lifting of sanctions under a landmark nuclear accord that went into effect last year.
Since then, Iran has received bids from Anglo-Dutch giant Shell, Italy's ENI, France's Total, Russia's Gazprom and Lukoil, and Schlumberger of the Netherlands. Asian giants including China's CNPC and Sinopec International, the Japanese Mitsubishi Corporation and Japan Petroleum Exploration also put in bids along with companies from Malaysia and South Korea.
Iran has increased production to 3.9 million barrels per day from 2.6 million bpd in 2013. The country has already signed a flurry of deals with international companies. In November, French oil and gas giant Total signed a preliminary agreement for a $4.8-billion (4.3-billion-euro) project to develop an offshore gas field at South Pars, which Iran shares with Qatar. In December, Tehran signed a memorandum of understanding with Russia's Gazprom on the development of two major oilfields. Also in December, it signed three preliminary deals with Shell to examine developing major oil and gas fields.
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