Iran-uk deal to de­velop oil­field

The Herald - - INTERNATIONAL -

Iran has signed an agree­ment with a Bri­tish con­sor­tium to de­velop an oil field in the coun­try’s south.

The agree­ment is the first be­tween Iran and a key Western ally of the US since Wash­ing­ton last week an­nounced it will pull out of the 2015 nu­clear deal be­tween Tehran and Western pow­ers.

Colin Row­ley, the man­ag­ing di­rec­tor of Per­gas In­ter­na­tional Con­sor­tium, and Bi­jan Alipour, head of Na­tional Ira­nian South Oil Co, signed a pre­lim­i­nary deed in the pres­ence of Bri­tish am­bas­sador Rob Ma­caire in Tehran.

If the agree­ment turns into a con­tract, the project will pro­duce 200,000 bar­rels of crude oil per day.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.