Poland to extract oil in Iranian territorial waters

Oil fields on the island of Laban in the territorial waters of Iran will be developed by the Polish company Polskie Górnictwo Naftowe i Gazownictwo. The corresponding memorandum with PGNiG was signed by the National Iranian Oil Company.

Manager of PGNiG Bohuslav Sozansky added that the company could invest $1 billion in the development of oil fields. According to him, the resumption of the former cooperation with Iran is possible due to the phasing out of anti-Iranian sanctions, Trend reports.