Deliver Your News to the World

Russian Companies Submit Plans to Develop Iran Oil Fields


Russian energy companies Zarubezhneft, Gazprom Neft and Lukoil have submitted plans to the National Iranian Oil Company (NIOC) to develop oil fields in Iran.

Zarubezhneft representatives outlined their plans to increase the recovery rate of oil from the Aban and West Paydar fields, Iranís Ministry of Petroleum announced on Monday.

A memorandum of understanding for Zarubezhneftís study of the two fields which are shared with Iraq was signed on July 22 last year. †

The Russian company signed another MoU with the National Iranian South Oil Company (NISOC) in July this year to conduct technical studies on the Shadegan and Rag Sefid fields.

Last month, Turkeyís Unit International signed a $7 billion agreement with Zarubezhneft and Iranís Ghadir Investment Holding to explore oil and natural gas development opportunities in Iran.

Russian companies have signed a record number of oil and gas contracts with Iran since the lifting of sanctions on Iran in early 2016.

Gazprom Neft has also submitted its plan to develop Changouleh and Cheshmeh Khosh fields under an MoU signed with NIOC in December last year.


Located 80 km northwest of Dehloran city, the Changuleh oil field is situated in†the northwestern part of the North Dezful basin in the Lorestan province.

Lukoil and Indonesiaís Pertamina individually proposed plans to develop the Bangestan reservoir of the Mansouri oil field southeast of Ahwaz.

( Press Release Image: )


This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.