Gazprom and Iranian NIOC sign memorandum on gas and oil projects

Deputy Chairman of Gazprom Vitaly Markelov and head of the Iranian National Oil Corporation (NIOC) Mohsen Heustemer signed a memorandum of understanding on cooperation between the companies, the Iranian news agency Shana writes.

Projects estimated at $40 billion include development of the Kish and North Pars gas fields, pressurization of the South Pars field, development of six oil fields, completion of LNG projects, gas and refined product swaps, construction of gas export pipelines and other scientific and technical cooperation .