NIOC opens office in Iraq

News ID: 2900376 -
TEHRAN, Aug. 31 (MNA) – Iran’s Deputy Oil Minister announced the opening of a National Iranian Oil Company (NIOC) office in Iraq.

Describing Iran’s new policies for the post-sanction period, Roknoddin Javadi stated that, “one of the major policies of NIOC is to increase export of engineering and technical services by manufacturing companies and local consultants; accordingly, we have signed a contract with Turkmenistan worth 450 million dollars to supply them with services and goods by Iranian craftsmen.

Estimating that, the value of export of technical and engineering services to Turkmenistan will reach to one billion dollars by the end of this year, deputy oil minister asserted that, “the success of Iran’s oil industry depends on global markets.”

This official further pointed to the need to be present in neighboring countries and to support oil and gas industry reporting that last week, an office of NIOC was officially opened in Iraq.

Reporting that currently more than 95 percent of tasks are carried out by Iranian companies, managing director of NIOC stated that, to achieve this success Iran’s oil industry has come a very long way and we should be wary not to lose our track on the path of self-sufficiency in order to succeed at international level by gaining a more prominent role.

Javadi considered the political atmosphere of the 5+1 talks as a significant opportunity to advance the objectives of oil industry adding that, “although there exists a gap in our technical knowledge, currently we have the chance to import top planning, decision-making and technology to the country.”

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