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Statoil keen on new oil & gas projects in Iran: official

TEHRAN, Oct. 31 (Mehr News Agency) - Statoil Iran managing director said on Tuesday the Norwegian oil giant is keen to take up new oil and gas projects in Iran. Statoil welcomes cooperation on new projects to produce gas, increase production from oilfields, and develop exploration blocks, Olav Hieger told Fars News Agency.

He said that his company is currently working on offshore development of phases 6-8 at South Pars in the cooperation with Iranian Petropars Company, an affiliate to the National Iranian Oil Company (NIOC). "So far, installation of three metal jackets and drilling operations are the latest jobs performed."

In addition, Statoil is preparing to hold marine safety training courses at a center in Bushehr, southern Iran, based on an agreement signed with the Islamic Republic of Iran Shipping Lines (IRISL). He added that the center will open on 13 November.

Whether or not the Norwegian company would continue activities in Iran upon imposing sanctions on Islamic Republic, he responded, "It is premature to make a comment in this regard, given that the type of the sanction(s) and the consequences are unclear."

... Payvand News - 11/1/06 ... --

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