"Based on negotiations conducted so far, the two companies will study several oil and gas fields to submit their proposals to the National Iranian Oil Company (NIOC)," said Abbas Taqipour, director of business development at Petropars.

 

"Currently, conditions are suitable for the two companies to sign MOUs to study domestic fields," he said.

 

Taqipour said Petropars had signed an MOU with Germany's Wintershall to study development of Dehloran oil field.

 

He, however, said that foreign companies could not be forced to stay in Iran if US President Donald Trump decides to pull out of the Iran nuclear deal and restore sanctions on Tehran.

 

Touching on an MOU signed between Petropars and NIOC for studying the Danan oil field, he said: "This field is currently producing more than 9,000 b/d of oil, which is set to increase to 20,000 b/d."