Rosneft interested in Iran's upstream oil projects

Business Materials 14 December 2016 16:30 (UTC +04:00)

Baku, Azerbaijan, Dec. 14

By Emil Ilgar – Trend:

Iran's Oil Minister Bijan Zanganeh said that Rosneft is interested in getting involved in four other Iranian upstream oil projects.

The announcement came a day after Iran and Gazprom Neft signed two memorandum of understanding for work on Iran's oil fields.

“We started negotiations over development of South Azadegan, Kopal, Yaran and Maroun Bangestan fields,” Zanganeh said Dec.14.

According to Mehr news agency, he also said that establishing a consortium among European, Russian and Iranian companies for developing Azadegan field is not a problem.

Iran has already signed MoUs with Anglo-Dutch Shell and France’s Total over the Azadegan field.

Japanese Inpex is also keen to getting involved in this project, Seyyed Nouraddin Shahnazizadeh the head of Petroleum Engineering and Development Company of Iran told Mehr earlier.

For now, Gazprom Neft, Lukoil, Zarubezhneft and Tatneft have MoUs with Iran to study Mansouri, Ab Teymour, West Paydar, Yaran, Cheshmeh Khosh, Changouleh and Dehloran fields with 43 billion barrels of in-situ oil reserves.

The in-situ oil reserves of South Azadegan, Kopal, Yaran and Maroun Bangestan also stand at about 54 billion barrels.