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Russian Energy Firm Chiefs To Visit Iran For Talks On Possible Oil Contracts



The lifting of international sanctions against Iran in January has opened up Iran's energy sector to potential investment by international firms.

The lifting of international sanctions against Iran in January has opened up Iran's energy sector to potential investment by international firms.

Iran's deputy minister of petroleum for international affairs and commerce says a delegation of Russian oil and gas companies will visit the country this week for talks about possible oil contracts.

Amir-Hossein Zamanina said on November 13 that the Russian delegation will consist of directors of Russia’s Gazprom, Tatneft, LUKoil, and Zarubezhneft.

The Iranian official noted that several memoranda of understanding already have been signed by the Iranian government and the Russian firms.

Those include documents signed by Zarubezhneft and Tatneft on studying studying sustainable Westfield and Abanfield as well as the Dehloran oilfield.

The lifting of international sanctions against Iran in January has opened up Iran's energy sector to potential investment by international firms.

But oil sector contracts have been at the center of a struggle within Iran between President Hassan Rohani and powerful hard-line clerics.

Zamanina did specify when the visit by the Russian energy company executives would begin nor how long it would last.

Based on reporting by SHANA, IRNA, TASS, Reuters, and Wall Street Journal
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