Tag Archives: Memorandum of understanding (MoU)

Iran has huge potential to harness renewable energies. including geothermal. solar and wind power.

New Delhi is keen that the gas from the field comes to India to feed the vast energy needs.

Korea Gas Corp. (KOGAS) — the world'.s No.2 LNG buyer — is a main importer of Iranian LNG.

Among contents of the MoU were investment for the development of oil and gas fields of Pasanan in Ahwaz.

Both sides reviewed suggestions on promoting cooperation in agricultural field and the related industries.

The MoU aims to generate USD 4 billion in annual productivity improvement.

Iran has named 29 companies from more than a dozen countries as being eligible to bid for oil and gas projects.

The MoU was signed on the sidelines of Iran Oil Show 2017 in Tehran last Monday.

MAPNA is now busy implementing diversified energy projects in Algeria. Iraq. Oman and Indonesia.

Oil extraction from Azar joint field will reach 30.000 bpd in coming days.