BAKU, Azerbaijan, February 18. Development of
another joint Iranian oil field by Russia is currently being
researched, Iranian Oil Minister Mohsen Paknejad said at a press
conference with Russian Energy Minister Sergei Tsivilev in Tehran
today, Trend
reports.
Paknejad emphasized that there exists an opportunity to initiate
discussions with the Russian side regarding the development of a
joint oil field.
However, Paknejad did not disclose the name of the specific
joint oil field under consideration for development.
He expressed confidence that these discussions would soon reach
a successful conclusion, paving the way for the commencement of
operations.
The Iranian minister also conveyed optimism regarding the
continued expansion of cooperation between Iran and Russia in the
development of oil and gas fields.
Currently, Russian companies contribute to approximately 6% of
Iran's crude oil production, with expectations for this share to
rise to 12% in the near future.
Seven oil fields in Iran are being developed through four
agreements signed between Iranian and Russian companies.
