Iran's South Pars gas field (file photo)
Bloomberg: Iran Kicks Off Oil-Development Tender to Woo Foreign Investors
* State oil producer NIOC seeks to pre-qualify foreign bidders
* NIOC to announce list of elgibile oilfield bidders on Dec. 7
Iran is ramping up efforts to woo foreign investment in an energy industry stunted by years of sanctions, with a request for companies to submit documents to pre-qualify as bidders to develop the country’s oil and natural gas fields.
State-run National Iranian Oil Co. will solicit documents from international companies starting Monday, according to an announcement posted on the website of Shana, the oil ministry’s news service. Interested companies will have until Nov. 19 to submit their qualifications, and the government will publish a list of eligible bidders on Dec. 7, according to Shana.
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WNU Editor: Iran wants to break-away from its dependency on China .... Tired of China's grip, Iran confronts harsh oil reality (Bloomberg), and being dependent on Asia to buy its oil .... Asia Soaks Up Iran’s Post-Sanctions Oil (WSJ). My prediction .... it is going to be a hard sell. There is plenty of oil elsewhere .... and these other regions and countries do not have the problems and threats that Iran has.
More News On Iran Inviting Foreign Companies To Invest In Their Oil Industry
Iran to invite foreign companies to bid on oil and gas -- AP
Iran to start bidding for oil, gas projects on Monday: SHANA -- Reuters
Iran Kicks Off Tender To Develop Oil, Gas Projects -- RFE
Iran invites oil majors to bid for new project -- Press TV (Iran)