Apr 13, 2016, 9:01 PM

Iran, Germany ink oil study MoU

Iran, Germany ink oil study MoU

TEHRAN, Apr. 13 (MNA) – BASF's Wintershall oil and gas exploration subsidiary has signed a memorandum of understanding (MOU) with the National Iranian Oil Company (NIOC).

Iran’s Deputy Oil Minister and NIOC Managing Director Roknoddin Javadi and Germany’s Wintershall CEO Mario Mehren signed an MoU on Tuesday afternoon.

On the basis of the inked agreement, the German company will begin carrying out studies on four oil fields in western Iran in one month’s time.

BASF's Wintershall oil and gas exploration subsidiary is Germany's largest internationally active crude oil and natural gas producer who explores and produces oil and gas in Europe, North Africa, South America, Russia, and the Middle East.

Established in 1894, Wintershall Holding GmbH in Germany is based in Kassel, Germany.

 

HA/3597127

 

News ID 115787

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