GC E&P Companies to Be Identified

Having successfully implemented the project to compile the model of evaluation and verification of qualification of the E&P companies in the upstream sector, Ministry of Petroleum is going to identify and evaluate Iranian general contractors. 

The project to compile the model of evaluation and verification of qualification of the E&P companies in the upstream sector resulted in preparation of a model and evaluation and selection of eight competent companies. 

The project is of high importance with regards to shortage of general contracting companies in Iranian oil industry and the need to promote the companies in line with the policies of the Resistive Economy.

The Ministry of Petroleum has been at work since 2014 to verify the package of proposals on strategies and executive measures of oil industry as the progressive industry in terms of the resistive economy policies implementation. 

The project for downstream GC companies’ evaluation and identification was put on agenda last year and a proposed model was offered hence.

For the time being, the project for identification, evaluation and verification of the qualifications of the Iranian GC companies has been undertaken at the Engineering, Research and Technology Department of the Ministry of Petroleum.

Following a pool of views by the consultative working group and related professional associations and thinkers, there will be announcement in November for identification and assessment of the bidding Iranian companies in the GC field.