Zarubezhneft Becomes Iran’s 2nd Partner Under IPC

Russia’s state-owned oil company Zarubezhneft signed a trilateral deal on Wednesday with the National Iranian Oil Company and Dana Energy Company for the development of Aban and West Paydar oilfields near the Iran-Iraq borders.
The 10-year deal concluded by Zarubezhneft’s CEO Sergei Ivanovich Kudryashov, Dana Energy’s Chairman Mohammad Iravani, and Ali Kardor NIOC’s chief executive, marks Iran’s second deal within the framework of Iran Petroleum Contracts, the country’s new model of contracts for oil and gas projects, NIOC’s news portal reported.