HOME

CONTENTS

Procurement Strategy

“We seek to import technology by establishing joint companies that bring Iranian and foreign firms together. Joint investment in local production of oil equipment will benefit both partners as well as consumers.”

Ali Kolahdooz Isfahani, Industrial Logistics Deputy,
Ministry of Petroleum

Another Assurance

“Iran is interested in pursuing an operation and utilization integration between upstream activities and those of LNG, GTL and DME. NIOC is prepared to streamline the regulations to ensure foreign capital attraction in this respect.”

Bijan Namdar Zanganeh,
Minister of Petroleum

Social Investment

“We want to contribute to Iran’s aspiration to create wealth from its natural resources thereby further raising living standards. However, economic growth does not guarantee prosperity if it is not attuned to societal aspirations.”

Robert Weener, Chief Executive,
Shell Development Iran B.V.

A Matter of Hours

“A single day of delay in each phase of South Pars will cost Iran $3 million. South Pars development is not a matter of years and months; it is a matter of days and hours.”

Akbar Torkan, Managing Director,
Petropars Ltd.

Global Business Culture

“There was a time when art and literature were the most effective tools to bridge the gaps between different nations. In the new millennium, business relationships will play a dominant role in synthesizing of global cultures.”

Mohammad Souri, Managing Director,
National Iranian Tanker Co. (NITC)

$12.5 Billion More

“Signing of twelve oil and gas development contracts will add an annual $12.5 billion to the foreign exchange revenues of Iran as of 2005. Also, our crude production capacity will hit 4.5 million barrels per day in early 2006.”

Seyed Mehdi Mir-Moezi, Managing Director,
National Iranian Oil Company (NIOC)

Sustainability in Iran

“To build substantial and sustainable businesses, we are looking for core areas abroad where we can develop further the competencies that we have built on the Norwegian shelf. That is why today we are in Iran.”

Olav Fjell, President & Chief Executive Officer,
STATOIL

Beautiful Business

“In line with our MoU with NIOC, and further to development of Balal, Dorood, and South Pars phases 2 & 3, we do see Pars LNG as one major opportunity to become a player in this beautiful, huge development of Iranian gas business.”

Christophe de Margerie,
Executive Vice President, TotalFinaElf