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cover the offshore Reshadat oilfield as well as others located in the Bushehr, Fars, Khuzestan, Kohgiluyeh-Boyer Ahmad and Hormozgan provinces.
Deals were signed on behalf of NIOC by subsidiaries National Iranian South Oil Co. (NISOC) and Iranian Offshore Oil Co. (IOOC) and follow a larger raft of 13 contracts awarded in August last year worth an estimated $1.78bn targeting a production increase of 185,000 barrels per day.
The announcement comes as part of a nationwide effort to increase production by 355,000 bpd at a total of 33 fields. Under this umbrella initiative a total of 22 engineering, procurement and construction (EPC) firms have agreed deals for the 33 assets with two yet to be signed.
Some of the same companies picked up contracts in both sets of awards, with the latest round of contracts focusing mainly on smaller assets than those handed out in August.
A contract for the Golkhari oilfield was awarded to North Drilling Co. (Sina Energy Gostar Holding), which is owned by the Bonyad-e Mostazafan Foundation, a religious endowment for war veterans and the poor. Both fall under the Execution of Imam Khomeini’s Order (EIKO).
A deal for the third and fourth phases of the 1.1bn barrel Gachsaran oilfield was agreed with the Iranian Offshore Engineering and Construction Co. (IOEC) which previously picked up a job on the third phase of the Maroun oilfield.
Meanwhile, PetroIran Development Co. (PEDCO) was awarded work on the Binak oilfield, following the August award of a job on the 3.7bn barrel Mansourabad oilfield.
Work on the Solabdar field was apportioned to a consortium of Qeshm Oil and Energy Industries and Maroun Karan, which also jointly won a contract for projects 1 and 4 at the supergiant Ahvaz field in August. Ahvaz was discovered in 1958, holding 63bn barrels of oil in place and is operated by NIOC subsidiary Karoun Oil and Gas Production Co. (KOGPC).
A consortium of the National Iranian Drilling Co. (NIDC) and Jahanpars Engineering & Construction Co. was a repeat winner, adding a job on the Lali Bangestan field to the contract for the Balaroud oilfield they won in August. Khatam-al Anbiya Construction Headquarters (KAA), the engineering arm of the hard-line Islamic Revolutionary Guard Corps (IRGC), was awarded by far the largest contract covering work on the second, third and fifth phases of Ahvaz as well as the offshore Reshadat.
9.2.2 Automotive corporate news
Iran’s Saipa QUIK receives 4-star local quality grading
The upcoming QUIK small crossover from Iran’s Saipa Group has received a four-star rating issued by the Iranian Quality and Standards Inspection Company (ISQI), according to Mehr News Agency. The top rating is five-star.
The QUIK model is based on the group’s locally developed small car platform, which is already used for the Tiba and Saina models sold that have been sold in Iran for the past several years. The car’s launch has been hampered by effects of the coronavirus (COVID-19) pandemic that effectively shut down the research and development department at Saipa.
The car comes fitted with ABS brakes as standard and a 1.6 standard petrol engine, turbocharged in the S model indication.
IQSI tested for vehicle emissions, performance, paint quality, as well as the interior finish including upholstery.
The closest model currently available in the QUIK line-up is the QUIK Gear R, currently for sale on the open market at Iranian toman (IRT) 175mn ($6,481 at
64 IRAN Country Report October 2021 www.intellinews.com