LR Senergy

Energy
UK

"The international oil and gas company Synergy is in negotiations with Iran to enter into new oil contracts in the post-sanction era, an executive in the Dubai-based firm said. 'We will do our best to regain our pre-sanction position in Iran,' Ian Morrison told Shana on the sidelines of the Second International Conference on Technological Opportunities (ICTO) in Oil and Gas Industry held in Tehran on Wednesday. 'There are abundant opportunities in Iran's oil industry,' the company's technical vice-president added, 'Synergy is after making its presence in Iran stronger and transferring the technologies required in the industry.'" (Fars News, "[Senergy] Eyes New Oil Contracts with Iran," 10/8/2015)

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"A representative of the UK’s Senergy says the company has been active in Iran despite the western sanctions and is in the process of signing new contracts. 'We are in the process of signing agreements. The current sanctions regime does not stop us from signing agreements and does not stop us from signing contracts,' said Dr. Iain Morrison, VP Technical of Senergy, on the sidelines of the 2nd International Conference on Technological Opportunities (ICTO) here in Tehran on Wednesday. He expressed much satisfaction for the bright prospects in Iran after removal of sanctions, saying, 'We have been in Iran for many years; we have many friends in Iran and many projects. We have carried out in Iran. I am in the country for Iranian Oil Company overseas. So we are delighted to be here.' Morrison said he is a regular visitor of Iran and had a recent meeting with the vice president of the Research Institute of Petroleum Industry (RIPI). The meeting was focused, he said, on the main topics to be discussed at the ICTO. He said the company participated in the ICTO to present the lectures and the company’s latest achievements in development and application of technologies for enhanced oil recovery (EOR)... 'In Iran we are trying to do everything we can to position ourselves for the post-sanctions environment. It is a matter of time scale. We would very much like some certainty from our political leaders. Clearly there is progress and there is a real sense of optimism here which is fantastic. And this is what I would like to see. I really look forward to it,' he added." (Research Institute of Petroleum Industry, "Senergy Oil Deals on the Go despite Sanctions," 9/30/2015)