
Director of National Iranian South Oil Company Bijan Alipour said negotiations are underway with the British Petroleum (BP) on development of four oilfields in south of Iran.
The National Iranian South Oil Company has held talks with 22 domestic and foreign companies for contracts to develop Karanj, Parsi, Rag Sefid and Shadegan Oilfields, Alipour said Monday, speaking on the sidelines of an exhibition of oil industry equipment in Ahvaz, capital of southwestern province of Khuzestan.
Among them are Russian and Chinese firms as well as BP, he said, predicting that the negotiations will lead to signing of memorandums of understanding in a few months.