• Mon / 17 July 2017 / 15:04
  • Category: Economy
  • News Code: 96042615138
  • Journalist : 71477

Iran, Russia sign MoU on oilfield study

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Tehran (ISNA) - National Iranian South Oil Company (NISOC) and Russian Zarubezhneft signed a Memorandum of Understanding on Monday.

The purpose of signing the MoU is to develop the Shadegan and Rag-e Sefid fields in southern Iran.

It was inked by the National Iranian South Oil company technical director and the Zarubezhneft director of development and investment sector.

According to the MoU, the Zarubezhneft will conduct a study within a 9 month period and will propose its plans to develop the oil output of the fields.

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