Tehran, Iran, 21 December 2016 – PETRONAS today signed a Memorandum of Understanding (MOU) with National Iranian Oil Company (NIOC) to collaborate in a field study in South Azadegan and Cheshmeh Khosh.
The signing took place at NIOC’s Central Headquarters here.
Under the MOU, a study will be conducted for a period of six months, and is expected to be concluded in Q2 2017.
Signing of behalf of PETRONAS was Anuar Taib, Executive Vice President and Chief Executive Officer of Upstream, while NIOC was represented by Dr. Gholamreza Manouchehri, Deputy Managing Director in Engineering and Development.
“We would like to thank NIOC for the opportunity as this MOU is an important milestone for both PETRONAS and NIOC. Iran has provided an opportunity for growth in the Middle East beyond our current footprint in Iraq,” said Anuar during the ceremony.
“We will bring our capabilities and expertise in oil and gas to Iran and look forward to a successful partnership with NIOC,” he added.