Shell signs oil, gas MOU in Iran

December 7, 2016

TEHRAN - Royal Dutch Shell signed an initial memorandum of understanding (MOU) with National Iranian Oil Company (NIOC) on Wednesday to conduct development studies on three oil and gas fields in Iran, Shana reported.

The document was signed by Director of Iran's Petroleum Engineering and Development Company (PEDEC) Seyed Noureddin Shahnazizadeh and President of Department for Iran Affairs in Royal Dutch Shell Hans Nijkamp. NIOC’s Managing Director Ali Kardor also attended the signing ceremony.

Based on the MOU, the Anglo-Dutch company will carry out development studies on South Azadegan and Yadavaran oilfields and Kish gas field.

South 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, and Kish gas field is a giant gas field close to Kish Island in the Persian Gulf. 

EF/MA/MG

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