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Iran Says Signs $1B Oil Field Development Deal With Russia's Tatneft

  • Iran said Monday it had signed a $1 billion oil-field development deal with Russia's OAO Tatneft (TATN.RS), clinching a rare contract with a foreign company amid mounting sanctions.Iran's Oil Ministry website Shana said state-owned Petroleum Engineering and Development Co. had awarded Tatneft a contract to help develop the Zagheh heavy crude field in southwest Iran.
  • Tatneft didn't return a request for comment.The contract, which other Iranian outlets said was worth $700 million, is to increase the field's ...

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