Russia’s Gazprom Neft and National Iranian Oil Company (NIOC) signed a memorandum of understanding this week for feasibility studies on development of two oil fields, Iran’s oil ministry news agency Shana said.
Gazprom will study both Changouleh and Cheshmeh-Khosh oil fields in Western Iran.
Russian Energy Minister Alexander Novak and his Iranian counterpart, Bijan Namdar Zanganeh, were present at the signing ceremony in Tehran.
Earlier in the week, Iranian deputy oil minister for international affairs and trading Amir-Hossein Zamaninia had said that oil and gas investment capacity between Iran and Russia could reach $10bn.
