Iran: List of approved partners for IOCs takes shape

National Iranian Oil Company (Nioc) has named the first five local companies which will be allowed to act as partners for international oil companies (IOCs), with more names to be revealed in the future. Nioc deputy head Gholamreza Manouchehri confirmed the list includes PetroIran, Petropars, Mapna Group, Oil Industries Engineering and Construction Group and Industrial Development and Renovation Organisation, according to a report in UK daily The Financial Times. Other names cited by local media, including Jahanpars and Petrogohar, have yet to be confirmed.