Iran's NIOC, Russia's Gazprom strike $40b MoU
Reading time 1 min Christian Fernsby ▼ | July 20, 2022The National Iranian Oil Company (NIOC) and Russia's Gazprom signed a memorandum of understanding worth roughly 40 billion dollars.
Iran NIOC Gazprom
The development of Kish and North Pars gas fields, pressure enhancement of South Pars field, development of 6 oil fields, gas and product swap, completion of LNG projects, construction of gas export pipelines and other scientific and technological cooperation are among the most important highlights of the memorandum. ■
"And learn that when you do make a mistake, you'll surface that mistake so you can get it corrected, rather than trying to hide it and bury it, and it becomes a much bigger mistake, and maybe a fatal mistake."
