ID :
211944
Mon, 10/10/2011 - 09:54
Auther :
Shortlink :
https://oananews.org//node/211944
The shortlink copeid
Iran replaces Gazprom with domestic consortium in oil project
TEHRAN, Oct.10(MNA)--Iran is cancelling plans to work with Russian OAO Gazprom oil company on the Azar oilfield, west of Iran, and will offer it to a domestic consortium, the managing director of the National Iranian Oil Company was quoted as saying on Sunday.
It was reported earlier that Iran will sign $2 billion contract with domestic consortium to develop the joint oilfield, which is associated with Iraq.
If confirmed, the move could be a setback for the Russian energy giant, which has an agreement to develop the Iraqi side of the field.
"Unfortunately Russia's Gazprom failed to fulfill its commitment and ignored ultimatums of National Iranian Oil Company," NIOC's managing director Ahmad Ghalebani said. "We decided to end our cooperation in the Azar oilfield and give the project to domestic contractors."
In 2009, Iran had signed preliminary agreement with Gazprom Neft, Gazprom's oil unit, for a potential contract of $2 billion to develop the field. Azar is a cross-border field shared with Iraqi, where it is called Badra. Reserves on both sides total 400 million barrels, according to the report.
A consortium led by Gazprom Neft has won a $2 billion deal to develop Iraq's Badra.
Previously, at the end of August 2011 it was reported that Iran had refused to cooperate with Gazpromneft on the development project of the Iranian oilfield Azar. But, RusEnergy reported on September that Russian Gazpromneft hopes to retain the Iranian Azar oilfield.
It was reported earlier that Iran will sign $2 billion contract with domestic consortium to develop the joint oilfield, which is associated with Iraq.
If confirmed, the move could be a setback for the Russian energy giant, which has an agreement to develop the Iraqi side of the field.
"Unfortunately Russia's Gazprom failed to fulfill its commitment and ignored ultimatums of National Iranian Oil Company," NIOC's managing director Ahmad Ghalebani said. "We decided to end our cooperation in the Azar oilfield and give the project to domestic contractors."
In 2009, Iran had signed preliminary agreement with Gazprom Neft, Gazprom's oil unit, for a potential contract of $2 billion to develop the field. Azar is a cross-border field shared with Iraqi, where it is called Badra. Reserves on both sides total 400 million barrels, according to the report.
A consortium led by Gazprom Neft has won a $2 billion deal to develop Iraq's Badra.
Previously, at the end of August 2011 it was reported that Iran had refused to cooperate with Gazpromneft on the development project of the Iranian oilfield Azar. But, RusEnergy reported on September that Russian Gazpromneft hopes to retain the Iranian Azar oilfield.
