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Russian Firms Hope to Develop Iranian Oilfields

Russia’s oil companies could sign contracts with Iran by March 21, which would allow them to work on Iranian oilfields
Iran has signed 11 memoranda of understanding with seven Russian firms.Iran has signed 11 memoranda of understanding with seven Russian firms.

Negotiations with two unnamed Russian oil companies on taking over the development rights of three Iranian oilfields are in the final stages, the National Iranian Oil Company’s deputy for international affairs said.
“The negotiations may lead to contracts within the next few weeks,” Amirhossein Zamaninia was also quoted as saying by IRNA on Friday. 
The official did not name the oilfields.
Zamaninia added that talks with Russian companies have been prolonged, as Iran and Russia do not have a history of cooperation in the energy sector. 
According to the official, Iran has signed 11 memoranda of understanding with seven Russian firms on carrying out geological studies on Iranian oilfields, registering a record in this regard among foreign companies from other countries.
 

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