Iran, Russia seek to attract other companies in Araz oil field development

The "Gazprom neft" and the National Iranian Oil Company will consider the participation of other companies in a project to develop the Azar oil field in Iran within a month, INTERFAX reported referring to the Russian Energy Ministry.

The Ministry’s report followed the talks between Russian Energy Minister Sergei Shmatko and Iranian Oil Minister Rustam Kazemi.

Russia and the Islamic Republic will determine the prospects of the Azar field development within a month, Shmatko said earlier at a press-conference in Iran.

Iran claimed in late August that the "Gazprom neft" delayed the implementation of the project and therefore the Russian company might lose the right to develop the field.


/Trend/