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Foreign Affairs

NISOC, Russia’s Zarubezhneft sign MoU for cooperation

Ahwaz, July 17, IRNA The National Iranian South Oil Company (NISOC) and Russia's Zarubezhneft Company here on Monday signed a Memorandum of Understanding (MoU) for cooperation to study two oil fields of Rag-e-Sefid and Shadegan.

The MoU was signed by Director for technical affairs of NISOC Hamid Deris and Director for Development of Fields and Investment of Zarubezhneft Company Elias Khamitov.

According to the MoU, the Russian company would submit results of its study for development and production increase of the two oil fields in nine months.

The MoU is the 8th MoU the NISOC has signed for development of four oil fields with domestic and foreign companies.

The four oil fields are Parsi, Karanj, Rag-e-Sefid and Shadegan.

Source: Islamic Republic News Agency

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