Russia’s Tatneft signs Iran oilfield deal

Russian oil and gas company Tatneft signed a memorandum of understanding with National Iranian South Oilfields Co to carry out oilfield development studies in southwestern Iran, the Teheran Times reported on Tuesday. The agreement is for preliminary studies on the Shadegan oilfield in Khuzestan province and Tatneft will hand over the results and its proposal to Iran in six months, the report said. Hamid Deris, the Iranian company’s director for technical affairs, said he hoped two other similar agreements would be signed in coming weeks. Deris did not say which companies were the two candidates. from General Motors for 1.3 billion euros ($1.38 billion) “to support its worldwide profitable growth”. Following the transaction, PSA said it wanted to become the second biggest automotive company in Europe after VW with 17 percent market share. The PSA Group, which owns Peugeot, Citroen and DS brands, expects the purchase of Opel-Vauxhall to take its operating margin to 2 percent by 2020 and 6 percent by 2026, and to generate a positive operational free cash flow over the next three years. vehicles, industry data showed. Newly registered foreign vehicles reached 16,212 in February, up 3.5 percent from a year earlier, according to the Korea Automobile Importers and Distributors Association. It was the second consecutive month of growth, after jumping for the first time in 15 months in January. Sales of Mercedes-Benz cars led the continued increase. The German automaker sold 5,534 vehicles in February. Mercedes-Benz had the most market share among foreign automakers in February, at 34.1 percent.