Zarubezhneft – first Russian company to sign two contracts with Iran

Business Materials 14 March 2018 11:26 (UTC +04:00)

Baku, Azerbaijan, March 14


JSC Zarubezhneft is the first Russian oil company, which will sign two IPCs (Iranian Petroleum Contract) with the National Iranian Oil Company (NIOC), TASS agency reported citing a source in the company.

Under the contract, the company will work at the Aban and Western Peydar fields in a consortium with the local Dana Energy.

The terms and cost of the contract have not been disclosed.