NIOC Inks 3 MoUs with Giant Russian Oil Firms

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A senior energy official announced that the National Iranian Oil Company (NIOC) has signed three memoranda of understanding (MoUs) with leading Russian oil companies.

“The documents were inked between Iran and the Lukoil, Tatneft and Zarubezhneft of Russia,” Deputy Managing Director of NIOC for Developing projects and Engineering Gholam-Reza Manouchehri said on Thursday.

He said that the deals were signed during a recent visit to Tehran of a 35-member Russian delegation comprising representatives of Russia’s giant oil companies.

On Wednesday, Iranian Ambassador to Moscow Mehdi Sanayee announced that a delegation of presidents of important Russian energy firms were due to travel to Iran on Thursday to prepare the ground for signing oil contracts with Tehran.

“A 28-strong delegation of managers of Russian energy firms, including Gazprom, Gazprom Neft, Rosneft, Lukoil, Tatneft, Transgaz, Zarubezhneft, etc., are due to visit Tehran on Thursday to participate in a workshop on new oil contracts,” Sanayee said on Wednesday.

Noting that Iran has already signed Memoranda of Understanding (MoUs) with three Russian companies, he said, “Other giant Russian oil and gas firms are also in talks to invest in Iran’s oil and gas fields and endorse relevant MoUs.”

Deputy Minister of Petroleum for International Affairs and Trading Amir-Hossein Zamaninia announced last week that a delegation representing Russian companies would visit Iran soon to receive the first hand account of oil contracts.

Zamaninia said concurrently, a workshop would be held to brief the Russian companies on details of the new model of oil contracts in Iran.

He said the delegation will consist of directors of Russian Gazprom, Tatneft, Lukoil and Zarubezhneft.

He noted that thus far, several MoUs have been signed with Russian companies. “During the visit, more talks will be held with National Iranian Oil Company (NIOC) on the MoUs and turning them into HoA.”

The NIOC had on July 12 and October 8 this year signed two MoUs to entrust studies on two sustainable West and Aban fields as well as Dehloran oilfield to Zarubezhneft and Tatneft respectively.

The Deputy Minister of Petroleum said Gazprom is ready for development of a field in Persian Gulf and contribute to the Iranian LNG project.

He said a delegation of senior directors from Gazprom will visit Tehran in the first week of December for talks with the NIOC.

He added that the Iran-Russia Joint Economic Cooperation Commission will convene in Tehran on December 13. “Based on the schedule, the Russian oil companies will visit Tehran two days ahead of the day the Joint Commission will be held to hold talks with Iranian oil companies. They are to finalize outlines of the cooperation documents for inking in the joint committee.”

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