Austrian integrated oil and gas company, OMV, is seeking to expand cooperation with the National Iranian Oil Company to secure a footprint in the country’s upstream sector, OMV’s Orient Upstream general manager said.

“We are very upbeat on the future of collaborations with NIOC and look forward to further our activities in the oil discovery, production and development fields,” Kurt Wagner was also quoted as saying by NIOC’s portal on Sunday.

He was speaking on the sidelines of Iran Oil Show 2018, the largest annual convention in Iran’s petroleum industry in Tehran. In addition to Iranian companies, over 600 representatives from 37 countries have participated in the event.

The official described the two companies’ previous cooperation as promising, saying that talks are underway to sign a deal with NIOC, within the framework of Iran Petroleum Contract, the country’s new model of contracts for oil and gas projects.

Wagner noted that NIOC and OMV have seemingly found themselves increasingly on good terms.

Source » presstv