• 5 minutes 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 8 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 12 minutes Will Uncle Sam Step Up and Cut Production
  • 5 hours Recession Jitters Are Rising. Is There Reason To Worry?
  • 4 hours Danish Royal Palace ‘Surprised’ By Trump Canceling Trip
  • 2 hours A legitimate Request: France Wants Progress In Ukraine Before Russia Returns To G7
  • 26 mins Used Thin Film Solar Panels at 15 Cents per Watt
  • 3 hours IS ANOTHER MIDDLE EAST WAR REQUIRED TO BOLSTER THE OIL PRICE
  • 12 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 5 hours China has invested btw $30 - $40 Billon in Canadian Oil Sands. Trump should put 10% tariffs on all Chinese oil exported into or thru U.S. in which Chinese companies have invested .
  • 12 hours US Shale Economic Impact: GDP gain realized in shale boom’s first 10 years
  • 12 hours Iran Is Winning Big In The Middle East
  • 14 hours Philadelphia Energy Solutions seeks to permanently shut oil refinery - sources
  • 9 hours NATGAS, LNG, Technology, benefits etc , cleaner global energy fuel
  • 10 hours Strait Of Hormuz As a Breakpoint: Germany Not Taking Part In U.S. Naval Mission
  • 11 hours Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 12 hours TRUMP'S FORMER 'CHRISTIAN LIAISON' SAYS DEEPWATER HORIZON DISASTER WAS GOD'S PUNISHMENT FOR OBAMA ISRAEL DIVISION

Russia’s Gazprom Neft & LukOil Team Up To Develop Iranian Oil Fields

Oil

Russian oil companies Gazprom Neft and Lukoil have filed plans to develop oil fields in Iran, the National Iranian Oil Company (NIOC) said in two separate statements this week.

Lukoil, together with Indonesia’s state firm Pertamina, are proposing to develop the Mansouri oil field in southwestern Iran, NIOC said on Wednesday.

Back in February this year, Pertamina was proposing to develop two oil fields in Ab Teymour and Mansouri, which the Indonesian company had estimated at containing 1.5 billion barrels of oil reserves.

Gazprom Neft, for its part, has filed plans to develop two oil fields in Iran-- Changouleh and Cheshmeh Khosh.

NIOC will review the Russian company’s plan and will decide if the proposal will go through, based on NIOC’s terms and conditions, the Iranian company said.

Earlier this week, top Gazprom Neft officials visited Tehran and met with Amir Hossein Zamaninia, Iran’s deputy petroleum minister for international affairs and trading.

“Iran and Russia have signed a cooperation roadmap based on which workshops will be held in the two countries on enhanced oil recovery and maximization of oil production from oilfields,” the news service of Iran’s oil ministry says.

Related: Venezuela’s “Oil Fire Sale” To Benefit Russia, China

Earlier this month, Russia’s Zarubezhneft, Turkish energy company Unit International, and Iran’s non-governmental firm Ghadir Investment Company pledged to invest a combined US$7 billion to drill at three oil fields and one natural gas field in Iran.

At the beginning of this year, NIOC issued a list of 29 companies that had qualified for bidding in oil and gas tenders, of whom only one is a U.S. player, Schlumberger. Russia’s Gazprom and Lukoil were among those that qualified, alongside China’s Sinopec, CNPC, CNOOC, and CNPW, as well as the state-owned oil companies of Indonesia and Malaysia – Pertamina and Petronas – plus Japan’s INPEX Corporation, Itochu, Mitsui, and Mitsubishi, and Japan Petroleum Corporation.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play