Russia, Iran sign agreement for oil field studies

Dec 13, 2016 11:11 am

Gazprom Neft signs deal with National Iranian Oil Company on development of two oil fields in the Western Iran

Russian oil company Gazprom Neft has signed a memorandum of understanding with National Iranian Oil Company (NIOC) for feasibility studies on development of Cheshmeh-Khosh and Changouleh oil fields in the country, the Russian Energy Ministry said on Tuesday.

“The signing of an agreement between Gazprom Neft and the National Iranian Oil Company has taken place,” the ministry said on Twitter.

“I hope that today, with the signing of the document, Gazprom Neft starts operation at two fields in Iran,” Russia’s ministry said citing Iranian Petroleum Minister Bijan Namdar Zangeneh.

Russian Energy Minister Alexander Novak and his Iranian counterpart, Bijan Namdar Zanganeh, were present at the signing ceremony in Tehran, reports Reuters.

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