Zarubezhneft to be first Russian company signing contracts with Iran

Zarubezhneft to be first Russian company signing contracts with Iran

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

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

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

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