Iran Signs $4 Billion Oil Deal With Russian Firm
Iran has signed a $742 million deal with Russian state-owned energy firm Zarubezhneft to boost production at two oil fields in the country's west. Zarubezhneft and Dana Energy, a private Iranian company, will jointly develop the Aban and Paydar fields in Ilam province near the Iraqi border, to boost production from 36,000 to 48,000 barrels of oil per day. Zarubezhneft will provide 80 percent of the financing for the project, while Dana will cover the rest. "Increasing the production from these two fields will bring some $4 billion dollars ...
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