Zangeneh, Rosneft CEO discuss joint oil projects

TEHRAN, Dec. 8 (Shana) – Minister of Petroleum Bijan Zangeneh and visiting Executive Chairman of Russian heavyweight oil company Rosneft Igor Sechin met here on Tuesday to review investment in Iran’s development projects.

In November, a delegation from Rosneft met Iranian officials with the swap of oil and gas on agenda of negotiations. A joint committee was set up to continue the talks between the two sides, ministry sources told Shana.
The Russian firms are interested in IOR and EOR projects and development of Iran’s oil and gas fields.

Two Russian and one Croatian companies have expressed their interest to invest in the Changuleh oilfield in west Iran in the post-sanctions era.
In addition to Lukoil from Russia which is ready to return to Azar oilfield, Zarubej Neft and Rosneft are set to invest and participate in the Changuleh field located in the western border province of Ilam.

After a visit by the Zarubej Neft’s CEO Nikolai Brunic to the province in October, the Russian company has decided to send a delegation to carry out a field study on Ilam’s oil and gas capacities.