3 days Ago By [email protected] (MENAFN)
A strategic convergence occurred today in Iran, involving keystakeholders from both corporate entities. During the convening, the stakeholders engaged in a discourse onamplifying bilateral synergies and delved into methodologies formitigating prevailing impediments. Focused emphasis was allocated to the advancement of the Aban andPaydar-e Gharb hydrocarbon reservoirs, alongside theCheshmeh-Khosh, Dalpari, and Paydar-e Sharq formations.
As of February 2024, ZN Vostok Company, a Russian entity, hasallocated in excess of $500 million towards hydrocarbon-centricinitiatives within the Iranian market. In 2019, ZN Vostok signed a 10-year agreement with Iraniancompanies Iran Ofoqh and Kayson for the development of theCheshmeh-Khosh, Dalpari, and Paydar-e Sharq fields, involving atotal investment of $3 billion. The development operations on thesefields began in mid-2020.
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