1 November 2022 - 22:58
  • News Code: 463909
Russia Studies of Iran Oil, Gas Fields in Final Stages

TEHRAN (Shana) -- The CEO of National Iranian Oil Company (NIOC) the study of Iran’s oil and gas fields by Russian companies is nearing its end and the Memoranda of understanding (MoUs) for these studies will soon turn into contracts.

Mohsen Khojstehmehr told Shana about the most important focus of Iran-Russia negotiations in the 16th Joint Economic Commission of the two countries: “The issue of energy, especially the upstream sector of oil and gas, was distinguished from other issues in this meeting.”

He stated that one of the highlights of this meeting, which was examined very carefully, was the progress of the oil field development plan in Iran, worth about $4.5 billion, and clarified that some of these plans have reached 40% physical progress and to speed up the physical and financial progress of the plans, constructive suggestions were raised.”

News Code 463909

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