TEHRAN – Handing the development project of Yadavaran and North Azadegan oil fields to Chinese companies is not definite yet and negotiations are ongoing, IRNA quoted Managing Director of National Iranian Oil Company (NIOC) Ali Kardor as saying on Saturday.

According to IRNA, the official said that Chinese candidate companies, which have been given priority in the second phases of developing the two oil fields, offered their plans and suggestions and oil ministry is considering them but nothing has been finalized yet.

North Azadegan and Yadavaran are two of the five oilfields, dubbed the West Karoun oilfields, Iran shares with Iraq at the western part of Iran’s southwestern region of Karoun. 

EF/MA