Iran News ...


8/23/05

National Iranian Oil Company to turn into one of world's top two oil companies

Tehran, Aug 23, IRNA-National Iranian Oil Company is set to become one of the world's top two oil companies once a master plan for improvement of systems and promotion of productivity at the Company is completed.

Head of the International Institute for Energy Studies Mehdi Assali told IRNA on Tuesday that the first phase of the master plan is ready and if it is implemented at National Iranian Oil Company (NIOC) successfully, the Company will soon turn into one of the world's top two national oil firms.

Assali said that NIOC decided two years ago to launch an all-out study on boosting its efficiency and becoming one of the two major national oil companies in the world.

He added that hence, the International Institute for Energy Studies sent e-mails to 40 well-reputed Iranian and foreign companies inquiring about the views on systematic reforms and productivity improvement in the NIOC.

He went on to say that after necessary procedures, 13 companies finally sent to his Institute their complete proposals on ways of carrying out reforms within NIOC in a definite period of time.

Iran ranks second in the world in terms of its oil and gas reserves but has not yet been able to retain the same position in terms of efficiency and application of modern technology and other indices.

Assali said the set of proposals, offered by aforesaid 13 companies, were then examined based on the quantitative schemes put forward by a panel of experts including university professors and well-experienced experts with the NIOC and the International Institute for Energy Studies.

Eventually, he added, five out of the 13 companies from Italy, Canada, Britain and Austria that had got the highest scores, were chosen and the steering committee selected the first three companies standing atop the list.

Assali said the three companies were then asked to provide their financial proposals and finally, Bain @ Company from Italy was chosen as the winner to implement the project for structural reforms in the NIOC.

He said the a dlrs 2.3 million contract was implemented in six months from September 2004 to February 2005 based on the schedule under supervision of the NIOC managerial board.

He added that the project, unprecedented (both in terms of quality and scope) was implemented in an Iranian state-run company. More than 160 technicians were involved in the project, he said.

Assali said the company responsible for the project had completed the pilot study in five phases.

He said that under the master plan all impediments to the NIOC's efforts to become one of the world's two major oil companies were lifted and the way was cleared for this purpose.

... Payvand News - 8/23/05 ... --



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