FACTBOX-Iran gathers speed with preliminary international oil, gas deals
Iran signed a Memorandum of Understanding (MoU) with Russia's Zarubezhneft on Tuesday for a feasibility study on two joint fields in the west of the country, according to oil ministry news agency SHANA. It is the latest of several MoUs the ministry has signed since the lifting of international sanctions on Tehran in January. Countries seeking long-term oil cooperation include China, India, South Korea and some European states. Iran needs foreign investment for repairs and upgrading of its oil and gas fields. It also seeks the transfer of ...
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