"National Iranian South Oil Company (NISOC) is in talks with Argentinean company Pluspetrol, a leading private exploration and production enterprise in Latin America, to develop and increase the recovery rate of oilfields in the southern province of Khuzestan, the NISOC managing director said. "As soon as negotiations come to fruition, a cooperation agreement based on the Iran Petroleum Contract, new framework for oil and gas contracts, will be signed," Bijan Alipour was quoted as saying by Mehr News Agency on Saturday. According to Alipour, this is the first time NISOC is in talks with an Argentinean firm to develop Iranian oilfields. Over the past decade, the most important joint project of NISOC and an oil firm from Latin America was the discovery of new hydrocarbon reserves like Taftan in oil blocks in the Persian Gulf with the help of Brazil's state oil company, Petrobras." (Financial Tribune, "Iran, Argentina's Pluspetrol in Talks Over Oilfield Development," 1/8/2017).


Pluspetrol is one of the 29 international companies named by Iran as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract model. (NIOC, "List of Qualified Applicants," 1/2017).