Russia's Tatneft Denies Deal To Develop Iran Field
December 19 2011 - 4:59AM
Dow Jones News
Russian mid-sized oil producer OAO Tatneft (TATN.RS) Monday
denied reports that it had entered an agreement to develop the
Zagheh heavy crude field in southwest Iran, while a Russian
regional government said a local scientific centre had entered an
agreement.
"Tatneft hasn't entered into any agreements, contracts and
haven't accepted any other undertakings relating to oil and gas
projects in Iran," the company said in a statement.
Sunday, Iran's Oil Ministry website Shana said state-owned
Petroleum Engineering and Development Co. had signed a memorandum
of understanding with Tatneft to help develop the Zagheh field.
Tatneft is controlled by the government of Tatarstan--a largely
Muslim region of Russia.
A statement on the Tatarstan government website said
Tatneftekhiminvest-Holding--a local scientific center--had signed a
memorandum of understanding with Iran's state oil company on
cooperation on the Zagheh field. The memorandum was signed during a
visit by the republic's president to the Middle East nation over
the weekend.
A Tatneft spokeswoman confirmed the company hadn't signed the
agreement in Iran, but couldn't immediately say if Tatneft had any
connection to Tatneftekhiminvest-Holding.
-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495
232-9197, jacob.pedersen@dowjones.com
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