Off the wire
• China had largest number of outbound tourists globally in 2015: report  • Italy confirms three hostages freed from Libya  • Sinologists from CEE countries gather in Riga for symposium on research, pedagogy  • WTA Zhuhai Elite Trophy tennis results  • China's Hol Xil natural reserve reviewed for world heritage application  • China to enhance supervision of police criminal investigations  • Environment watchdog warns of weak smog responses, illegal discharges  • China, ROK, Japan co-host art exhibition  • A French soldier killed in mine explosion in north Mali  • Smog continues to haunt Beijing  
You are here: 　 Home

Iran signs deal with Polish company to develop oil field

Xinhua, November 5, 2016 Adjust font size:

The National Iranian Oil Company (NIOC) and the Polish Oil & Gas Company (PGNiG SA) on Saturday signed a memorandum of understanding to cooperate in an oil field in Iran, semi-official Fars News agency reported.

The deal was inked by NIOC's deputy chief for development and engineering affairs, Gholam-Reza Manouchehri, and the president of the PGNiG SA management board, Piotr Wozniak.

Under the deal, the Polish company will carry out studies on the development of Sumar oil field in southern Iran.

Iran is hopeful that the agreement will result in more engagement between the two sides, Manouchehri of NIOC was quoted as saying.

He said the Polish side will have a six-month deadline to complete the study on the field and provide the NIOC with the results.

The final decision on developing the field will be made once the studies are complete, and the NIOC will ultimately seek to offer the project for implementation through tender, he added.

For his part, Wozniak said his company is well experienced in the field and hopes for good cooperation with the NIOC. Endit