Russia’s Lukoil and National Iranian Oil Company (NIOC) have begun new round of talks to finalize agreement over development of two oil fields, according to Mehr/O&GEurasia.
Lukoil Chief Executive Officer Vagit Alekperov, during a visit to Tehran, met Iran’s Oil Minister Bijan Zanganeh and NIOC Managing Director Ali Kardor over development of Mansouri and Ab Teimour oilfields located in the southwestern oil-rich Khuzestan province.
Kardor said Russians are awaiting the finalization of Iran’s new model for oil agreements entitles Iran Petroleum Contract (IPC). After meeting Iran’s Oil Minister Bijan Zangeneh, Russia’s Alekperov told reporters that Lukoil experts will soon travel to Khuzestan for a further study of the fields.
CEO of Russia’s second-biggest oil producer Lukoil emphasized that Mansouri and Ab Teimour are presently Lukoil’s priority since vastness of Iranian oil deal makes it impossible for one firm to undertake development of all fields.
Following the lifting of international sanctions against Iran, Lukoil reopened its office in Tehran for having deep willingness to take part in Iranian oil projects.
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