Companies in Iran, Russia
and Turkey signed an agreement to fund and develop oil and gas fields, the
Islamic Republic News Agency (IRNA) reported on Wednesday.
A private Iranian company,
Ghadir Exploration and Production Company, Russian state-controlled oil company
JSC Zarubezhneft and Turkish energy company, Unit International signed the
cooperation agreement, according to IRNA's news story.
Under the agreement, all
sides will invest in oil and gas exploratory and development plans.
Each company will allocate
equal investment shares in the projects, with Iran's Ghadir leading the
consortium.
Separately, Unit
International had reached a $4.2 billion deal with Iran’s energy ministry to
build seven natural gas power plants in Iran in June 2016. The plants will have
a combined installed capacity of more than 6,000 megawatts.
In July, the National
Iranian South Oil Company and JSC Zarubezhneft signed a memorandum of
understanding to conduct technical surveys on two oilfields in the southern
oil-rich Iranian province of Khuzestan.
(Anadolu Agency, August 10, 2017)