Russia, Iran, Turkey Form $7B Oil Deal

Turkish energy company Unit International, Russia’s
Zarubezhneft, and Iran’s non-governmental firm Ghadir Investment
Company have pledged to invest a combined US$7 billion to drill at
three oil fields and one natural gas field in Iran, the Turkish
company said on Tuesday. The investment commitment comes just a
week after Ghadir Investment signed a deal with Zarubezhneft and
Unit International to finance and develop oil and gas projects in
and outside Iran. The three companies agreed to set up joint
ventures to fund oil and gas development…

Turkish energy company Unit International, Russia’s
Zarubezhneft, and Iran’s non-governmental firm Ghadir Investment
Company have pledged to invest a combined US$7 billion to drill at
three oil fields and one natural gas field in Iran, the Turkish
company said on Tuesday. The investment commitment comes just a
week after Ghadir Investment signed a deal with Zarubezhneft and
Unit International to finance and develop oil and gas projects in
and outside Iran. The three companies agreed to set up joint
ventures to fund oil and gas development…