Analyst believes removal of sanctions can be political bargaining chip with RussiaRussian Politics & Diplomacy January 18, 18:45
Arctic Forum’s task is to change perception of region as source of raw material — officialBusiness & Economy January 18, 18:28
OPEC revises Russia’s oil production outlook downward by 110,000 bpd in 2017Business & Economy January 18, 18:20
OSCE says preparations for talks on Transnistria to begin in near futureWorld January 18, 18:15
About 1,500 officials may attend Arctic ForumBusiness & Economy January 18, 17:38
Russia, Turkey conducting first joint air operation against Islamic StateMilitary & Defense January 18, 17:20
Austria as OSCE chair to strengthen monitor mission in Ukraine — top diplomatWorld January 18, 17:14
Russian food inflation declines threefold in 2016 — Central BankBusiness & Economy January 18, 17:01
Russian observers to monitor elections in France, SerbiaRussian Politics & Diplomacy January 18, 16:49
TEHRAN, October 9 (Itar-Tass) —— Iran refuses from cooperation with Russia’s Gazprom Neft Company in development of the Azar oil field, Head of the National Iranian Oil Company Ahmad Ghalebani told the Fars news agency on Sunday.
“We have come to the final decision to stop cooperation with that company at the Azar field and to have an agreement on its development with an Iranian contractor,” he said. “Unfortunately, the Russian company dragged out its obligations despite several warnings from the National Iranian Oil Company, which were not heard.”
The Azar oil field was opened in 2005. According to Russia’s LUKOIL, Azar contains two billion barrels of oil. In November of 2009, Gazprom Neft and the National Iranian Oil Company signed a memorandum on mutual understanding on the field as well as on the Shangule field.
In late August of the current year, Iran announced suspension of Gazprom Neft’s participation in development of Azar, which was caused by “protracted implementation of the project,” as Iranian sources said then. However, on September 12, Russia’s Minister of Energy Sergei Shmatko told a news conference following launch of the Bushehr Nuclear Power Plant that he had agreed with Iran’s Minister of Oil Rostam Ghasemi to make a final decision on the matter within a month.
“We should offer solutions to provide further work of the Russian company at that field,” he said.