NIOC, Gazprom ink co-op MOU worth $40b

INSUBCONTINENT EXCLUSIVE:
oil and gas industry projects valued at about $40 billion, Shana reported.The MOU was signed by NIOC Head Mohsen Khojasteh-Mehr and Vitaly
Markelov, deputy chairman of the Gazprom management committee, in an online ceremony on Tuesday.The development of Kish and North Pars gas
fields, increasing the recovery factor of South Pars field, development of six oil fields, swapping gas and petroleum products, completion
of LNG projects, construction of gas export pipelines, and cooperation in other scientific and technological areas are among the most
important axes of the signed memorandum.Speaking at the signing ceremony, Khojasteh-Mehr said signing the memorandum with Gazprom can be
Gazprom during his recent trip to St
dollars with various Russian companies, he said.Elsewhere in the online ceremony, Markelov pointed to the NIOC as one of the key companies
put on a new path with the support of President Raisi and Putin, and the two countries are taking new strategic measures to expand relations
at all economic and political levels.EF/MAPhoto: NIOC Head Mohsen Khojasteh-Mehr (R) and Gazprom Deputy Head Vitaly Markelov