Tag Archives | Zarubezhneft

Iran completes first Oil-for-Goods supply to Russia

Iran has completed its first oil-for-goods supply to Russia. Under the agreement, Russia would buy 100,000 barrels a day of Iranian oil in exchange for Russian equipment and goods. Russia’s Energy Minister Alexander Novak says the first Iranian oil supply to Russia under the oil-for-assets program has been completed and the two sides could extend […]

NIOC “in Talks” to Develop 22 Oil, Gas Fields

The Deputy Head of the National Iranian Oil Company (NIOC) for Engineering and Development Affairs Gholamreza Manouchehri says his company is in talks with several upstream companies for the development of 22 oil and gas fields in Iran. Addressing a ceremony to sign a contract to develop Aban and West-Paydar oilfields by NIOC and a […]

Russian Firm to Invest $740m in Iranian Oil Fields

Russia’s state-controlled Zarubezhneft signed an agreement in Tehran on Wednesday to re-develop two oil fields in western Iran. It was the second post-sanctions oil contract awarded to Russia by Iran. Based on the agreement, the Russian firm would re-develop Aban and West Paydar oil fields. Both fields are located in areas bordering Iraq and are […]

Tehran, Moscow finalize Energy Cooperation MOU

The Memorandum of Understanding of the 14th Commission for Trade and Economic Cooperation of the Islamic Republic of Iran and the Russian Federation in the Oil and Gas Industries was set up in 38 articles. In the memorandum, the parties, while supporting the talks and agreements reached between the relevant ministries of the two countries, […]

ONGC Videsh, Iran’s IDRO Oil sign accord

By John Lee. India’s ONGC Videsh has reportedly signed a cooperation agreement with Iran’s IDRO Oil (Gostaresh Iranian Oil And Gas Industries Development Company) to jointly bid for a $900-million plan to develop the Susangerd oilfield in Khuzestan province. The field, discovered in 2009, is estimated to hold more than 5 billion barrels of in-place […]

IDRO-Oil signs MoU with Zarubezhneft

Gostaresh Iranian Oil And Gas Industries Development Company (IDRO-Oil) has signed a memorandum of understanding (MoU) with Russia’s Zarubezhneft for carrying out studies on Iran’s Susangerd oilfield. Following the signing of the document, IDRO-Oil managing director said his company has signed an memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) for carrying […]

Zarubezhneft submits Study Result on Iran Oilfield to NISOC

Russia’s Zarubezhneft submitted the result of its studies on Iran’s Shadegan Oilfield to National Iranian South Oil Company (NISOC). Hamid Deris, the NISOC’s director for technical affairs, said his company has so far signed 5 memoranda of understanding (MoUs) with several companies for development of the field of which 3 have so far presented their […]

Russian Companies Submit Plans to Develop Iran Oil Fields

Russian energy companies Zarubezhneft, Gazprom Neft and Lukoil have submitted plans to the National Iranian Oil Company (NIOC) to develop oil fields in Iran. Zarubezhneft representatives outlined their plans to increase the recovery rate of oil from the Aban and West Paydar fields, Iran’s Ministry of Petroleum announced on Monday. A memorandum of understanding for […]

Iran, Russia, Turkey Sign $7bn Drilling Deal

Turkey’s Unit International announced it has signed a $7 billion agreement with Iran’s Ghadir Investment Holding and Russia’s state-owned Zarubezhneft to drill for oil and natural gas in Iran. In a statement, Unit said the three companies had invested a total of $7 billion for the drilling, which would take place at three oil fields […]

GIC Signs Agreement with Unit International, Zarubezhneft

Iran’s Ghadir Investment Company has signed a trilateral agreement with Russia’s Zarubezhneft and Turkish energy company Unit International to finance oil and gas development projects. Signed in Moscow on Monday, the deal concerns development of oil and gas projects in or outside of Iran. Based on the agreement, the three companies will form joint ventures […]

NISOC to hold Tender based on New Contract Model

Managing director of National Iranian South Oil Company (NISOC) Bijan Alipour said his company is likely to put to tender development of its projects in the latter part of the current calendar year based on the newly-devised model of contract it has recently introduced. The Alipour said the tender is most probably being held for […]

Zarubezhneft signs MoU to Study Iranian Oilfields

Russia’s Zarubezhneft Oil Company has signed a memorandum of understanding (MoU) with the National Iranian South Oil Company (NISOC) for studying Iran’s Shadegan and Rag Sefid oilfields. Hamid Deris, NISOC’s director of technical affairs, and Zarubezhneft’s director of fields development and investment signed the deal on Monday. Based on the document, the Russian company has […]

Russia, Iran Negotiate Joint Projects Worth $10bn

By John Lee. Russian Minister of Energy Alexander Novak (pictured) and Iranian Minister of Information and Communications Technology Mahmoud Vaezi have met to discuss contracts worth $10 billion, according to a report from Sputnik News. Novak said the countries are expected to sign more than 10 contracts in the fields of construction and railway electrification, adding that two draft […]

Russian Oil Delegation to Visit Tehran Next Week

Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said representatives of a number of major Russian oil companies are scheduled to visit Tehran next week. Directors of several Russian oil firms, including Gazprom, Tatneft, LUKoil, and Zarubezhneft will hold talks with officials of the National Iranian Oil Company (NIOC) in the coming week, […]

Iran Eyes Major Energy Deals with Russia

Iran is planning to sign new agreements with Russian energy companies by mid-December, an official said. “We hope that by the second half of December, we are ready to sign major agreements with these six Russian companies,” Iranian Deputy Oil Minister Amir Zamaninia said Thursday, Sputnik reported. Speaking during the Russia-Iranian energy forum, he added […]

Iran Signs NDA with Zarubezhneft

Iran has signed a basic non-disclosure agreement with Russia’s state-owned energy giant Zarubezhneft over two western oil fields. Based on the agreement, the Russian company will study West Paydar and Aban oil fields and will present its proposals to increase the recovery rate of both fields to the National Iranian Oil Company (NIOC). NIOC Managing […]