News ID: 3849064 -
Zanganeh:

Russia to undertake development of 7 Iranian oilfields

TEHRAN, Dec. 13 (MNA) – Iran’s Oil Minister Bijan Zanganeh reported on signing research and development MoUs with Russia for expansion of seven Iranian oilfields.

Before commencing negotiations with the visiting Russian Energy Minister Alexander Novak on Tuesday morning, the Iranian minister of petroleum described main axes of bilateral oil and gas talks between Tehran and Moscow and appreciated Russia’s constructive role in OPEC meeting.

“Cooperation on the part of Russians will bring back stability to oil prices in global markets,” highlighted the official asserting “all senior officials of Iran and Russia played influential roles during the recent meeting in Vienna between OPEC and non-OPEC countries.”

Zanganeh also voiced Iran’s readiness to launch cooperation with Russian oil firms adding “development of oil fields and boosting recovery factor remain as main axes of negotiations with the Russian side.”

The official also emphasized that Iran sought to assign developmental projects for seven oilfields to Russian companies; “so far, Russia’s Lukoil and National Iranian Oil Company (NIOC) have sealed Memoranda of Understanding (MoUs) over development of Mansouri and Ab Teimour oilfields located in the southwestern oil-rich Khuzestan province.”

Iranian oil minister also recalled signing of MoUs with Zarubezhneft of Russia for study phase of Aban and West Paydar oil fields stressing “Tatneft has also joined hands with Iran over development of Dehloran oil field.”

“Gazprom is yet another Russian company who will conduct developmental studies in two Iranian fields,” underscored the official reiterating that similar agreements will be inked today with Gazprom over Cheshmeh Khoshk and Chenguleh oil fields.”

According to Sputnik who was quoting Shana news agency, Iran and Russia also signed a memorandum on cooperation in the oil and energy industries on Monday.

Accordingly, the document covers the cooperation in oil exploration and extraction, the development of oil fields, petrochemical production swaps, gas deliveries cooperation and cooperation in the sphere of oil facilities production technologies.

The memorandum was signed at the end of the meeting of the Iran-Russia Energy Committee, where Russian Deputy Minister of Energy Kirill Molodtsov and Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia took part.

Russian Energy Minister Alexander Novak is meeting Iranian Minister of Petroleum Bijan Zangeneh today in the framework of the Iran-Russia Joint Economic Commission session in Tehran. The ministers are expected to discuss oil cooperation between the two countries.

HA/3848906/SPUTNIK