NISOC & Zarubezhneft Sign MoU

Source: www.gulfoilandgas.com 7/17/2017, Location: Asia

National Iranian South Oil Company (NISOC) and Russian Zarubezhneft signed a Memorandum of Understanding yesterday. The purpose of signing the MoU is to develop the Shadegan and Rag-e Sefid fields in southern Iran.

It was inked by the National Iranian South Oil company technical director and the Zarubezhneft director of development and investment sector.

According to the MoU, the Zarubezhneft will conduct a study within a 9 month period and will propose its plans to develop the oil output of the fields.

This is the eighth MoUs that the NISOC has signed with local and foreign companies to develop its oil fields.

Rag-e Sefied is located in the operation field of Aghajari Oil and Gas Producing Company.


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