Thailand submits study results on 3 oil fields to Iran

Business Materials 26 August 2017 17:06 (UTC +04:00)

Baku, Azerbaijan, Aug. 26

By Fatih Karimov– Trend:

Thailand’s PTT Exploration and Production company submitted its study results on three oil and gas fields to the National Iranian Oil Company (NIOC) ‎on Aug. 26.

The results were discussed during a meeting between the two parties in Tehran, the oil ministry's SHANA news agency reported.

The NIOC signed a memorandum of understanding with PTT Exploration and Production last December to study Iran’s Dalpari, Belal and Changouleh fields and submit the study results and development proposals to the NIOC within six months.

In recent months Iran has handed over the study of several oil and gas fields to foreign companies under non-disclosure agreements (NDA).