SHANA - Iranian Minister of Petroleum Bijan Zangeneh says Iran expects to generate a total of 4 billion dollars by developing Aban and West-Paydar oilfields that it shares with neighboring Iraq. Addressing a ceremony to sign a contract to develop the two fields here in Tehran on Wednesday, the official said oil recovery from the two fields is pretty ...

AP Iran's state-run oil company has signed a $740 million agreement with a Russian-Iranian consortium to develop two oil fields near the Iraqi border. Under the agreement signed Wednesday, there will be a 48,000-barrel daily production of crude for a 10-year span in oil fields in Aban and West Paidar in the southwest near the border with Iraq....

IRNA- The Russian oil company Zarubezhneft will sign two agreements with National Iran Oil Company (NIOC), a Russian official said. Zarubezhneft is the first Russian oil company to sign two IPCs (Iran Petroleum Contract) with the National Iranian Oil Company on Wednesday, a source in the company told TASS. The source referred to activities in ...

Bourse and Bazaar | Esfandyar Batmanghelidj: Russian news agency TASSis reportingthat Zarubezhneft, a Russian state-owned oil company, has signed two major contracts with the National Iranian Oil Company (NIOC). The agreements will see Zarubezhneft exploit the Aban and Western Paydar oil fields in a consortium with Dana Energy, an private sector ...