The British consortium Pergas has signed the first international oil contract with Iran after US President Donald Trump unilaterally withdrew the US from the Iran nuclear deal.
The Heads of Agreement (HOA) was signed on the development of the Iranian Koranj oil field.
The agreement was inked in a ceremony in Tehran attended by Iranian Oil Minister Bijan Namdar Zangeneh as well as Rob Macaire, the British ambassador to Tehran, and senior oil industry officials.
The HOA was signed between Managing Director of the National Iranian South Oil Company Bijan Aalipour, and CEO of the Pergas International Consortium Colin Rowley, Shana reported
If finalized, the deal would see up to 200 thousand barrel of crude produced per day, with a collective output of around 655 million barrels in ten years’ time. The project comes with a price tag of well over $1.1 billion.
Ali Asghar Khaji, a Senior Advisor to Iran’s Foreign Minister, stated in an interview with…
US President Joe Biden will meet with Chinese President Xi Jinping on the sidelines of…
Israel is using evacuation orders to pursue the “deliberate and massive forced displacement” of Palestinian…
Mohammad Eslami, the head of the Atomic Energy Organization of Iran (AEOI), has warned of…
Donald Trump wants to bring Moscow and Kyiv to the negotiating table to end the…
The Commander-in-Chief of the Iranian Army, Major General Seyyed Abdolrahim Mousavi, has vowed a decisive…