News ID: 211667
Published: 0911 GMT March 14, 2018

Russia to sign two oil deals with Iran

Russia to sign two oil deals with Iran
IRNA

The Russian oil company Zarubezhneft will sign two agreements with National Iran Oil Company (NIOC), a Russian official said.

Zarubezhneft is the first Russian oil company to sign two IPCs (Iran Petroleum Contract) with the National Iranian Oil Company on Wednesday, a source in the company told TASS, IRNA reported.

The source referred to activities in Aban and West Paydar oil fields.

Under the terms of the contract, the company will work on the fields in a consortium with the local Dana Energy. The terms and amounts of the contract are not specified yet, according to TASS.

No detail on the agreements has been released yet.

Iran's Ambassador to Moscow Mehdi Sanaei had earlier said that there would be some changes in the approaches of the two countries towards oil deals.

Signing agreements and memoranda of understanding on some oil and gas fields between Iranian and Russian companies, such as Rosneft, Gazprom and Tatneft, are examples of such approach changes.

 

   
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