Iran ready to cooperate with Europe in oil production

Iran ready to cooperate with Europe in oil production

Iran is ready to cooperate with European companies and is negotiating with a number of them for the cooperation on the offshore oil reserves in the Gulf, the Director General of the Iranian offshore oil company, Said Hafez, announced today.

"At present the negotiations are underway with French, Norwegian, Italian and Ukrainian companies on the cooperation aimed at increasing of the oil production on the offshore fields in the Gulf", TASS quotes the words of the Director General of the Iranian company, referring to the Shana Iranian news agency.

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