NIOC Mulls R&D Cooperation with Wintershall

A senior official with National Iranian Oil Company (NIOC) says the company is considering cooperation with Germany’s Wintershall in research and development (R&D) projects.

Ali Kardor, NIOC’s deputy managing director for investment and finance, told Shana that Wintershall has indicated willingness to cooperate with NIOC in research and development areas and the two companies may start cooperation in the future.

Speaking on the sidelines of a ceremony to sign a memorandum of understanding (MoU) by NIOC and Wintershall in Tehran, on Tuesday, Kardo said the two companies have agreed to exchange data within a month and the German side will initiate studies on 4 oilfields in western Iran.

From Iran, Roknoddin Javadi, managing director of NIOC, and from Wintershall, Mario Mehren, CEO, signed the MoU in Tehran on Tuesday.

A subsidiary of BASF, Wintershall is Germany’s largest internationally active crude oil and natural gas producer.  It explores and produces oil and gas in Europe, North Africa, South America, Russia, and the Middle East. It has been active for over 85 years and has a workforce in excess of about 2,000 employees from more than 40 nationalities.

This will be the first time Winteshall starting direct cooperation with NIOC, said Kardor.