Off the wire
• Macedonia adopts additional measures to prevent further flu spread  • Edinburgh crowned as greenest city in Britain  • Driverless cars to cut traffic delays on British roads by 40 pct: study  • Over 9,300 foreign companies operate in Albania  • Interview: China hopes Astana talks will bear fruit for Syria's political process: Chinese envoy  • Over 500 trucks marooned on Zambia-DR Congo border  • S. Africa's ruling party denies censorship allegations  • Eurozone retail sales in November falls after surge in October  • Abbas warns of moving U.S. embassy to Jerusalem  • Seven poachers arrested in Tanzania's wildlife protected area  
You are here: 　 Home

Japan's Inpex in talks to win Iran's Azadegan oilfield development

Xinhua, January 7, 2017 Adjust font size:

Japan's Inpex Company is in talks with Iran to sign a deal for the development of Iranian Azadegan oilfield, semi-official Fars news agency reported on Friday.

"Inpex has started intense talks with the National Iranian Oil Company (NIOC) to develop the Azadegan oil field in Iran's southwestern oil-rich province of Khuzestan," Managing director of Iran's Petroleum Engineering and Development Company, Noureddin Shahnazizadeh, said on Friday.

Inpex is one of the well-known companies in the oil industry and as it has past experience and data regarding Azadegan oil field, Shahnazizadeh was quoted as saying.

Inpex had a stake of 10 percent in a development project in Azadegan but withdrew in 2010 following the Japanese cabinet's decision under U.S. pressures.

Azadegan is believed to have an in-place reservoir of 42 billion barrels. Endit