Iran, Russia sign 2nd oil contract

3/15/2018 11:33:00 AM
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Tehran (KNA) - The National Iranian Oil Company (NIOC) signed a contract with a consortium made up of JSC Zarubezhneft of Russia and Dana Energy of Iran on Wednesday at a ceremony featuring Iranian oil minister.


The National Iranian Oil Company (NIOC) signed a contract, for the development of Aban and the West Paydar joint oil fields, with a consortium made up of JSC Zarubezhneft of Russia and Dana Energy of Iran on Wednesday at a ceremony in the presence of the Iranian Oil Minister Bijan Namdar Zanganeh.

The first new oil contract of the post-sanctions era was signed on July 02, 2017 between the National Iranian Oil Company (NIOC) and an international consortium led by France's Total Oil Company to develop Phase 11 of South Pars.

Source: Mehr

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