Gazprom, NIOC sign MOU for upstream efforts in Iran

Gazprom and National Iranian Oil Co. signed a memorandum of understanding Mar. 28 in Moscow with the presidents of Russia and Iran in attendance.

Gazprom and National Iranian Oil Co. signed a memorandum of understanding Mar. 28 in Moscow with the presidents of Russia and Iran in attendance.

The companies will “examine the avenues for cooperation in the field of hydrocarbon prospecting, exploration, and production within Iran.”

Separately, Lukoil representatives discussed prospects with the Iranian delegation. “We are interested to develop business in Iran and are now investigating several potential projects,” said Lukoil Pres. Vagit Alekperov.

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