NIOC managing director visits Russia

October 14, 2008 - 0:0

TEHRAN – National Iranian Oil Company (NIOC) Managing Director Seifollah Jashnsaz is in Russia to finalize the last MOU inked between Iran and Russia.

Afterwards, he will travel to Belarus and Tatarstan for meetings with oil officials.
NIOC and Russia’s giant gas company Gazprom signed an agreement on July 18 for the development of Iran’s oil and gas fields, PIN reported.
According to the MOU, NIOC and Gazprom will cooperate in the development of Iran’s oil and gas fields, the development of Iran’s North Azadegan oil field, the transfer of oil from the Caspian Sea to the Sea of Oman, swaps of Russian gas, technology transfers, and the construction of a refinery in northern Iran.
The MOU also leaves the door open for Gazprom to participate in the Iran-Pakistan-India gas pipeline project.
Jashnsaz’ 4-day trip came in the wake of an invitation by Alexey Miller, chairman of the Management Committee of OAO Gazprom.
It is expected that the two sides reach agreement upon establishing an Iranian-Russian joint company and constructing Neka-Jask pipeline.
Gazprom has also showed interest in developing North Pars oil field.
After Russia, the NIOC managing director will make a two-day trip to Tatarstan. Jashnsaz and the Tatneft Company’s managing director will discuss Iran-Tatarstan bilateral relations in oil and gas section.
Developing Ahvaz (Bangastan) oil filed is among the major topics of the officials meeting.
According to PIN, the Iranian delegation will travel to Minsk next. Jashnsaz and Belarusian oil officials will mainly discuss Jofeir oil field’s development plan.
Iran-Belarus came to an agreement to develop Jofeir Oilfield in 2006.
Located in Iran-Iraq border, Jofeir Oilfield will produce 30,000 barrels per day (bpd) of crude oil based on initial estimations