Germany's Wintershall Eyeing Iran's Oil Projects

Germany\'s Wintershall Eyeing Iran\'s Oil Projects

TEHRAN (FNA)- Germany’s biggest oil and gas company Wintershall declared its readiness to take part in Iran's energy projects.

Wintershall announced that it is planning to work on Iran's energy projects in cooperation with Russia's giant oil company Gazprom.

"Our partnership with Gazprom is based on trust, so we are open for possible joint projects,” said Thilo Wieland, a member of Wintershall board responsible for exploration and production in Russia, Libya, South America.

"If Iran provides an opportunity, we, of course, will thoroughly consider it," he added, noting that Iran is a country with considerable resources, and therefore is very interesting to Wintershall.

The announcement came as Iran has recently shown an extended favor to Gazprom, as well as other Russian energy firms.

Wieland further emphasized that Iran was part of Wintershall’s strategy for targeting key regions. He reminded that the company had signed a memorandum of understanding with the National Iranian Oil Company (NIOC) for certain projects, what he said was in line with the same strategy.

In relevant remarks in late May, Iranian Oil Minister Bijan Zanganeh said that Iran had signed a basic agreement with Gazprom over the development of three major gas projects.

Zanganeh added that the projects were Farzad B, North Pars and Kish.

In relevant remarks in late September, NIOC chief Ali Kardor said last September that Wintershall was among a slew of companies that had signed basic deals to study Iranian oil and gas project.

The details of the deals, he said, could not be disclosed due to the confidentiality of negotiations.

A subsidiary of BASF, Wintershall is Germany's largest internationally active crude oil and natural gas producer.

It explores and produces oil and gas in Europe, North Africa, South America, Russia, and the Middle East.

It has been active for over 85 years and has a workforce in excess of about 2,000 employees from more than 40 nationalities. 

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