Oil Contract

Shell signs MoU to study Iran oilfields

Shana –The National Iranian Oil Company (NIOC) and Royal Dutch Shell have signed a memorandum of understanding (MoU) to conduct studies on Azadegan, Yadavaran and Kish oilfields in Iran.

Noureddin Shahnazizadeh, managing director of the Petroleum Engineering and Development Company (PEDEC) from NIOC and Hans Nijkamp from Shell inked the deal in the presence of NIOC Managing Director Ali Kardor on Wednesday.

Based on the cooperation document, Shell will assess development projects of the fields.