Gulf Oil and Gas accountACCOUNT

Russia’s Lukoil to Sign MoU with Iran

Source: www.gulfoilandgas.com 9/20/2015, Location: Asia

Russia’s energy giant Lukoil is set to sign an MoU for boosting oil recovery, oil exploration and extraction with Iran, an Iranian deputy petroleum minister says.

Cooperation was discussed between Minister of Petroleum Bijan Namdar Zangeneh and Lukoil Chief Executive Vagit Alekperov in the wake of a new opening following the July conclusion of nuclear talks.

“The Russian company has announced readiness for participation in enhanced oil recovery (EOR) and improved oil recovery (IOR) plans of Iranian oil fields,” Deputy Petroleum Minister Amir-Hossein Zamaninia said.

“Lukoil chief executive also called for purchases of crude oil and oil products from Iran which was welcomed,” he added.

Lukoil and the National Iranian Oil Company (NIOC) officials have held negotiations about Russia’s second largest energy company’s resumption of a project to develop the Azar field in Iran’s Anaran block.

The Russian company and Norway’s Statoil started developing the Anaran oil field in 2003 but pulled out in 2011 after the US and Europeans intensified sanctions on Iran.

Lukoil reopened its office in Tehran in April, with Alekperov saying his energy group would return to Iran as soon as the sanctions were lifted.

Officials have said the Anaran project would be Lukoil’s primary focus but the company was studying geological data from other projects as well.

Iran shares Azar with Iraq which calls it Badra. Russia’s Gazprom Neft operates the field and currently produces around 28,000 barrels per day from the field.

Exploration News in Iran >>

Norway >>  1/16/2019 - Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) explo...
Brazil >>  1/14/2019 - Petroleo Brasileiro SA - Petrobras reports that it formally expressed to the National Energy Policy Council (CNPE) interest to exercise the pre-emptio...

India >>  1/6/2019 - India's Directorate General of Hydrocarbons (DGH) plans to launch the Open Acreage Licensing Programme Bid Round-II on Monday Jan 7th in New Delhi, ac...
Equatorial Guinea >>  1/5/2019 - Ophir has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas...

Lebanon >>  1/3/2019 - The round is scheduled for official launch this month, with a window for prequalification from January to April 2019. PGS has seismic data that will a...
Gabon >>  12/27/2018 - - In Cameroon, the National Hydrocarbons Corporation announced the launching of a Licensing Round for eight blocks namely, Bomana, Bolongo and Bakassi...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 |

Oil & Gas Projects in Iran >>

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.