Baku, Azerbaijan, March 14
Trend:
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.