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Iran signs contract with Euro firm for exploratory operations
Iran has reportedly signed a contract with a European company for carrying out exploratory operations in its salt domes.
Our friends, the Euros...
Managing Director of the National Iranian Oil Company's (NIOC) Exploration Department Hormoz Qalavand said that the operation would be done with European firm's technology, Iran's Mehr News Agency reported on Dec. 30. Qalavand, however, refused to disclose the name of the company.

"Iran has never carried out any exploratory operation in salt domes," he said.

The international sanctions imposed on Iran forced many international companies to withdraw from the country's oil and gas projects. Iran is currently in talks with giant European oil and gas firms including Italy's Eni, Russia's Lukoil, and British Petroleum. The international companies are reportedly ready to invest in Iran's oil and gas projects as soon as the sanctions are lifted.
Posted by: Steve White 2015-01-02
http://www.rantburg.com/poparticle.php?ID=407458