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Two foreign oil companies seek Iran cooperation

TEHRAN, Oct. 22 (Mehr News Agency) - The Russian LUKOIL and the Kazakhstan Oil companies have offered Iran North Drilling Company (NDC) to cooperate with them in their activities in oilfields of the Caspian Sea.

The managing director of North Drilling Company, Asghar Rafiei, said here on Sunday that the NDC has six months to consider this proposal; however, the negotiations have so far been quite satisfactory.

As for NDC's cooperation with the Russian LUKOIL, he stated that if the negotiations come out fruitful, a contract will be concluded with the Russian company for a period of two years and there will be no limitation on the oil wells to be drilled.

Elsewhere in his remarks, Rafiei also commented on the NDC's contract with Kazakhstan, saying that the contract is scheduled for a period of five years in order to develop one of the oil blocs in this country.

He concluded that the company's income of these two oil contracts is estimated to be about $4 million per month.

... Payvand News - 10/22/06 ... --

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