2 August 2017 - 16:17
  • News Code: 277930
Shell Submits to NIOC Technical Appraisal of Iran Oilfields

TEHRAN, Aug. 02 (Shana) -- Anglo-Dutch oil major Royal Dutch Shell has submitted to the National Iranian Oil Company (NIOC) the result of its feasibility studies over Iran's Azadegan and Yadavaran oilfields.

Shell and NIOC met on Wednesday to discuss a proposal by Shell for developing South Azadegan and Yadavaran oilfields in Iran.

Shell Vice President Hans Nijkamp met with Gholamreza Manouchehri, deputy for development and engineering at the NIOC, in his Tehran office to discuss the proposal.

National Iranian Oil Company (NIOC) has signed memorandums of understanding (MoUs) with international and Iranian companies to conduct feasibility studies on developing Azadegan and Yadavaran oilfields.

Iran is looking to increase crude output, and with 37 billion barrels of oil, Azadegan oilfield, which is shared with neighboring Iraq, and is the country's largest.

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News Code 277930

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