1. Oil And Gas Development In Iran
Opportunities For Cooperation
Rokneddin Javadi, CEO
Oil Industries’ Engineering and Construction (OIEC)

2. Iran Oil and Gas Industry
Yesterday
A history of more than a century in petroleum industry: Iranian oil industry began more than a hundred years ago, when oil was discovered in Masjed Soleiman for the first time, and it has survived and developed since then
Today
The world’s third-largest proven oil reserves
The world’s second-largest natural gas reserves
OPEC’s second-largest oil producer

3. Reserves and Production Overview
Crude Oil
The world’s third-largest proven oil reserves
About 10% of the world's oil reserves
OPEC’s second-largest oil producer
Crude Oil (2010) – BP Statistical Review June 2011
137 billion barrels
Proven Oil reserves
4245 Thousand barrels daily
Oil production

4. Reserves and Production Overview
Natural Gas
The world’s second-largest natural gas reserves
About 18% of the world's natural gas reserves
Natural Gas (2010) – BP Statistical Review June 2011
29.6 trillion cubic meter
Natural gas proved reserves
138.5 billion cubic meter
Natural gas production

5. Reserves and Production Overview
Key petroleum sector facilities
South Pars Gas field (as an example)
- One of the largest independent gas reservoirs in the world
- Lying on the territorial border between Iran and the State of Qatar in the Persian Gulf
- Covering an area of 9700 square kilometers, of which 3700 square kilometers belongs to Iran
- The Iranian portion is estimated to contain some 14 TCM of gas reserves and some 18 bn bl of gas condensates (roughly 7.5 % of the world gas reserves)

6. Governmental Structure
The ministry of Petroleum which is in charge of the oil and gas industry consists of four major state companies:
Ministry of Petroleum
National Iranian Oil Company (NIOC)
National Iranian Gas Company (NIGC)
National Petrochemical Company (NPC)
National Iranian Oil Refining and Distribution Company (NIORDC)

7. The Developing Industry
The oil and gas industry is of the most fast-growing sectors in Iran
Legal requirements have been developed during the recent decade to support foreign investment and cooperation.
Significant and well-organized infrastructure facilities as well as qualified human resources are of the most striking factors that make Iranian oil and gas industry more attractive.
Iranian EPC companies, with the experience of developing national giant projects can be good partners to cooperate with.

8. Development Plan Targets
Oil and Gas Sector in Iran’s approved five years development plan ( )
Total oil industry required investment: US Dollars 250 Billion
Number of projects with priority to be implemented: 360
Upstream required investment: US Dollars 150 billion (US Dollars 30 billion each year)
Total investment carried out in 2011: US Dollars 22 billion
Investment plan for the year 2012: US Dollars 30 billion
Total increase in oil production capacity: 1 MM bbl/d
Total increase in natural gas production capacity: 250 MM SCMD

9. Some of NIOC's Production Goals
To increase the crude oil production capacity from some 4.4 million barrels per day in 2008 to 5.1 million barrels per day in 2014
To increase the natural gas production capacity from 552 million cubic meters per day in 2008 to 1,111 million cubic meters per day in 2014
To increase the condensate production capacity from some 283,000 barrels per day in 2008 to some 748,000 barrels per day in 2014
To increase the NGL production capacity and oil from some 160,000 barrels per day in 2008 to 337,000 barrels per day in 2014

10. Iran Oil and Gas Opportunities
Having huge hydrocarbon reserves, there are significant opportunities in the sector:
Oil and gas fields development projects (preference is given to shared fields)
Gas fields development (preference is given to early-returns fields)
Oil fields development (preference is given to early production)
Oil and Gas Exploration blocks projects
Construction of gas production facilities, new gas and NGL plants
Crude oil export pipelines and pumping stations
Gas liquefaction and sweetening projects
Construction of crude oil storage tanks and required pipelines

11. Opportunities for Russian Companies
Russian companies are of the best candidates to cooperate in Iran oil and gas industry due to strong economic relations between the two countries and previous experiences
The areas of EPC development projects and also joint investments by Iranian and Russian companies consist of:
exploration, development and production of oil and gas
Construction of gas pipeline for Iranian export gas purposes
Construction of oil refineries and petrochemical complexes for internal consumption and export purposes
Underground natural gas storage

12. Opportunities for Russian Companies
There are also other great opportunities:
Transfer of technology and technical support and assistance
Financing of Iranian projects

13. Oil Industries Engineering and Construction (OIEC)
OIEC: The leading Iranian EPC contractor in oil, gas and petrochemical industry
25 years of professional and successful experience
Capable of undertaking projects from conceptual design through engineering, procurement, construction, commissioning and operation
Current projects load of over 10 Billion USD
Executing more than 140 projects
Close to 300 million man-hours of work so far
Over 2500 staff
Several subsidiaries, each a leading expert in their own field

14. Oil Industries Engineering and Construction (OIEC)
Downstream
Design and construction of
Oil and gas refineries
Various petrochemical complexes
Gas gathering and NGL recovery plants
Oil and gas plants revamping and refurbishing
Upstream
Development and Production of oil and gas fields
Marketing and sale of crude oil

15. Thank You For Your Attention
Oil Industries’ Engineering and Construction (OIEC)