Russia, Iran to sign 2 oil agreements

Russia, Iran to sign 2 oil agreements
March 14, 2018 - 14:19 AMT

PanARMENIAN.Net - The Russian oil company Zarubezhneft will sign two agreements with National Iran Oil Company (NIOC), a Russian official said, according to IRNA.

Zarubezhneft is the first Russian oil company to sign two IPCs (Iran Petroleum Contract) with the National Iranian Oil Company on Wednesday, March 14, a source in the company told TASS.

The source referred to activities in Aban and West Paydar oil fields.

Under the terms of the contract, the company will work on the fields in a consortium with the local Dana Energy. The terms of the contract are not specified yet.

No detail on the agreements has been released yet.

Iran's Ambassador to Moscow Mehdi Sanaei had earlier said that there would be some changes in the approaches of the two countries towards oil deals.

Signing agreements and memoranda of understanding on some oil and gas fields between Iranian and Russian companies, such as Rosneft, Gazprom and Tatneft, are examples of such changes.

Related links:
IRNA. Russia to sign 2 oil deals with Iran
 Top stories
Azerbaijan admits death of 192 soldiers in Karabakh offensiveAzerbaijan admits death of 192 soldiers in Karabakh offensive
Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.
Azerbaijan increasing defense spending for 2023 by $650 millionAzerbaijan increasing defense spending for 2023 by $650 million
In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million).
Moscow could recognize those who speak Russian as Moscow could recognize those who speak Russian as "compatriots"
The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".
Magnitude 5.6 quake causes damages in IranMagnitude 5.6 quake causes damages in Iran
The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.
Partner news
 Articles
Compassion is key, no matter what

An Italian photojournalist’s journey through the pandemic

 Most popular in the section
Global toll of mysterious hepatitis in children rises to 650 cases
Monkeypox does not pose a Covid-style risk, top health execs say
Sinjar becomes latest flashpoint for Iran-Turkey tensions in Iraq
Turkey-Syria earthquake death toll passes 15,000
Home
All news
Overview: World
Archive for March 14, 2018
Other news in this section
 Latest news
U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement Blinken said it is an important step towards concluding a durable and dignified peace agreement.
Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday.
Up to 10% cashback from GetTransfer with IDBank cards IDBank clients who make their booking on GetTransfer will receive an exclusive cashback.
Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.
---