Russian Gazpromneft wants to participate in development of Iranian oil field Azar

Russian Gazpromneft hopes to retain the Iranian Azar oil field, Tehran, Russian Energy Minister Sergei Shmatko at a meeting of the Russian-Iranian intergovernmental commission on economic cooperation, RusEnergy reports.

At the end of August 2011 it was reported that Iran had refused to cooperate with Gazpromneft on the development project of the Iranian oil field Azar. The Iranian side named as one of the reasons the delay in completion of the project. The representative of the Iranian Ministry of Oil, Hamid Karimi said that Iranian oil companies will be involved in the project Azar instead of the Russian company.