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The National Iranian Oil Company (NIOC) and the Philippine National Oil Company (PNOC) signed a memorandum of understanding (MoU) to broaden their cooperation in the field of energy studies.
The MoU was signed between the NIOC and PNOC`s exploration offshoot to conduct studies on Pazanan and Darkhowin oilfields in Southern Iran.
The MoU was signed on the sidelines of Iran Oil Show 2017 in Tehran on Monday.
During the signing ceremony to ink the deal. PNOC exploration offshoot`s managing director said that signing the document was a major event in his company`s history.
Iran’s 22nd Oil and Gas Show started work on Saturday and it continue until Tuesday.
Over 4.000 exhibitors from 37 countries across the globe are taking part in the exhibition dubbed Iran Oil Show 2017 in Tehran.
The oil show is the biggest energy exhibition in the Middle East in terms of the number of participants and size.
Exhibitors from China. Germany. France. Italy. Spain. Turkey. Russia. Japan. Austria. South Korea. the US. and Australia will take part in the exhibition which will last until May 9.
