Baku, Azerbaijan, Aug. 31
By Fatih Karimov – Trend:
The German Wintershall Holding has signed a Memorandum of Understanding (MoU) with Iran for cooperation in the oil sector.
Wintershall in April 2016 signed a MoU with the National Iranian Oil Company (NIOC) about a potential future cooperation, Stefan Leunig, head of media relations in Wintershall told Trend Aug. 31.
He further said that details of the MoU are subject to confidentiality.
“Wintershall has been active in the Middle East for years. We are therefore closely following the developments in the region, also in Iran,” Leunig said, adding that the company strictly follows all national and international legal regulations.
Earlier Ali Kardor, Iran’s deputy oil minister, said that Tehran has signed seven non-disclosure agreements (NDA) with international oil companies, including Wintershall.
Under the agreements the companies will undertake studies in Iran’s oil fields and will submit the study results to Iran, Kardor added.
Kardor, who heads the NIOC said that there will be no commitment for Iran to assign the field’s development to the company which had carried out the preliminary surveys on the field.
Previously Iran's SHANA news agency reported that Wintershall and the NIOC have signed a deal for cooperation in research and development (R&D). Under the MOU, the German company will study four oil fields in western parts of Iran.