Rosneft and NIOC sign deal on $30 bln of oil, gas projects

Rosneft and National Iranian Oil Co. could implement joint oil and gas projects worth up to $30 billion that produce up to 55 mt of oil per year
By Staff reporter 2 November 2017 0 28223

Rosneft and National Iranian Oil Co. could implement joint oil and gas projects worth up to $30 billion that produce up to 55 mt of oil per year, Rosneft Chief Executive Igor Sechin said on Wednesday.

The two companies signed a roadmap on the sidelines of a Russia-Iran-Azerbaijan summit in Tehran on Wednesday for carrying out strategic oil and gas projects.

“The overall amount of investments in the projects will total up to $30 billion. When completed, the production plateau will reach 55 mtpa of oil,” Sechin...

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