Russia’s Tatneft Denies Cutting $1 Billion Oil Deal With Iran

摘要

Russian regional oil producer Tatneft has dismissed reports in the Iranian state-backed media that it has signed a $1 billion deal to develop an oil field on Iran’s Gulf coast. According to Shana, the Iranian oil ministry’s in-house news service, Tatneft on Sunday signed a memorandum of understanding (MOU) with National Iranian Oil Co. (NIOC) to increase output at the Zagheh oil field in Bushehr province from 7,000 barrels per day currently to more than 55,000 b/d.