27 Nov 2024
Wednesday 10 May 2017 - 09:45
Story Code : 260297

Iran needs new financing methods

SHANA - A deputy head of National Iranian Oil Company has said that Iran needs to diversify its methods of project financing.

 
Gholam-Reza Manouchehri said that in addition to National Development Fund of Iran (NDFI) and private companies, international companies could help Iran.
Besides all these [domestic] capabilities, we need interaction at international level in order to attract capital and technology, he added.
Manouchehri said transfer of technology was a must in upstream projects, adding: This transfer of technology is under way at several levels, one of which is transferring technology into upstream companies which are partner [to foreign companies].
 

He noted that under Irans new model of oil contracts (IPC), ownership of fields would totally belong to Iran.

 
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