TEHRAN (defapress) – The National Iranian Oil Company (NIOC) and Russia’s energy giant Lukoil have signed two Memoranda of Understanding (MoUs) in the field of geological prospecting, an oil industry source said.
News ID: 66137
Publish Date: 04October 2017 - 15:00
"At the beginning of the visit of Iranian Oil Minister
Bijan Zanganeh to Russia, a Memorandum of Understanding was signed between the
National Iranian Oil Company (NIOC) and Lukoil," the source told Sputnik
on Tuesday, without disclosing details of the agreement.
The Iranian minister flew to Moscow on Tuesday to attend the
19th Ministerial Meeting of the Gas Exporting Countries Forum (GECF).
The second MoU was inked between Lukoil and KEPCO (Khazar
Exploration and Production Company), which is a subsidiary of the NIOC, the
The documents were signed following several months of
negotiations on conducting geological exploration in the southern part of the
Caspian Sea region, according to the report.
They were signed on the sidelines of the summit with Mohsen
Delaviz, the head of KEPCO, and Vagit Yusufovich Alekperov, the director of
Lukoil, also in attendance.
GECF is an international governmental organization which
provides the framework for exchanging experience and information among member
Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya,
Nigeria, Qatar, Russia, Trinidad and Tobago, United Arab Emirates, Venezuela.
Azerbaijan, Iraq, Kazakhstan, the Netherlands, and Norway are member states of
Oman and Peru have the status of observer members.