Author: فرهاد فرامرزپور
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NIOC Transaction Regulations
🔰 The National Iranian Oil Company Longing for Its Own Transaction Regulations?! These days, it is frequently stated in many circles that the main reason for delays in upstream oil industry projects lies in the cumbersome regulations and bylaws governing tender procedures, the Iranian Government Electronic Procurement System (SETAD Iran), and the like—and that if…
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Oil and Gas Reserves Evaluation in Simple Terms
⭕️ Why is reserves evaluation important in the first place?Reserves evaluation is the heart of decision-making in the oil and gas industry. Nearly all key decisions—field development, investment, financing, reporting to regulatory authorities, and even asset insurance—are ultimately built around one simple question:How much oil or gas can we ultimately produce economically?Contrary to common perception,…
