Russian Tatneft signs MoU with Iran
Tehran, Iran, Oct. 8
By Emil Ilgar – Trend:
National Iranian Oil Company (NIOC) signed a memorandum of understanding (MoU) with Russian Tatneft Oct 8, the official website of NIOC reported.
According to the report, Tatneft should develop a project, aimed to increasing the recovery rate of Iran’s Dehloran oil field after finalizing the deal.
This is the first deal between Iran and a Russian company during the post sanctions era.
Iran and and P5+1 (the US, the UK, France, China, Russia plus Germany) reached a nuclear agreement, which was implemented in January 2016 and lifted the sanctions on Iran.
Dehloran is a brown field in Ilam province with 5.184 billion barrels of in-situ reserves, which currently produces 24,000 barrels per day.