Zarubej Neft Soon to Offer Proposal on Raising Oil Recovery Coefficient

TEHRAN, July 13 (Shana) -- Managing Director of the National Iranian Oil Company Ali Kardor and Managing Director of Zarubej Neft Sergey I. Kudryashov said on Tuesday that his company will soon offer its proposal on increasing the coefficient of oil recovery from two Iranian oilfields.

Kudrashov made the remark in a ceremony where he signed a Memorandum of Understanding (MoU) with National Iranian Oil Company (NIOC) Chief, Ali Kardor for launching feasibility study on two Iranian oilfields.

He said the work of his company will undoubtedly be noteworthy for the NIOC.

He hoped that his and Iranian companies will start working in various fields, including trade and swap of oil and oil derivatives.


News Code 264846

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