UPDATE 1-Austria's OMV signs MoU to revive activities in Iran
May 4 Austria's OMV signed a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) on Wednesday as it looks to revive its activities in Iran. OMV Chief Executive Rainer Seele, who took the helm at Austria's biggest company last July, has singled out Iran, Russia and the United Arab Emirates in a push away from expensive North Sea field exploration. Wednesday's deal signed in Tehran covers several areas from oil and gas field evaluation to crude oil and petroleum product swaps. Most sanctions on Iran were lifted in ...
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