MOSCOW (MRC) -- 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, reported the Iranian oil ministry’s news agency Shana.
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.
As MRC wrote before, in October 2016, Royal Dutch Shell signed a preliminary MOU with Iran’s National Petrochemical Co. (NPC) for cooperation in the petrochemical industry. Hans Nijkamp, the head of the department for Iran affairs at Royal Dutch Shell, said the signing of the MOU came after months of negotiations between the two companies.
Earlier this year, in March 2016, another world's pretrochemical major - Total Petrochemical - and NPC signed a MoU to build a petrochemical complex in Iran. Total sealed the cooperation agreement with NPC to build a petrochemical complex after signing a separate deal to buy 160,000 bpd of Iranian crude oil.
Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
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