kardor

Ali Kardor, the managing director of National Iranian Oil Co. (NIOC) declared: in the near future oil and gas fields’ development will be done based on 3 types of contracts including BuyBack, Iranian Petroleum Contracts (IPC) and Engineering, Procurement, Construction & financial (EPCF). It is worth noting that under a buyback deal, the host government agrees to pay the contractor an agreed price for all volumes of hydrocarbons the contractor produces. But under the IPC, the National Iranian Oil Co. (NIOC) will set up joint ventures for crude oil and…

Ali Kardor, who was previously the deputy managing director of NIOC for making investment and securing finance, replaced Rokneddin Javadi, the ex-managing director of the company. On June 18 in Tehran a farewell ceremony to the ex-Managing Director of National Iranian Oil Company (NIOC) Roknoddin Javadi and introducing his replacement Ali Kardor on Saturday, Zangeneh said, "We fulfilled our promise to add 500,000 b/d to Iran's crude oil output in less than three months and, in the recent OPEC conference, everyone admitted that the speed of Iran's return to the…