| Iran's Petroleum and Engineering Development Co. is holding discussions with Belarusian state-run oil firm Belarusneft for developing the oil field. |
| "Discussions were held with a visiting delegation from Belarusneft on Sunday for cooperation in Jufeyr oil field," an official of National Iranian Oil Co., the parent of PEDEC, said. |
| The official, however, said no formal agreement has been signed between PEDEC and Belarusneft to develop Jufeyr. |
| Belarus had also offered Iran extraction solutions to develop its oil deposits during Iranian oil minister Kazem Vaziri-Hamaneh's visit to Minsk on December 21. |
| ONGC Videsh had signed a memorandum of understanding with NIOC in Jan last year for a 100% right in Jufeyr field and 10% in Yadavaran field in return for buying 5 mln tn per annum of liquefied natural gas from Iran. |
| Analysts say it is possible that with the LNG deal with India making no headway, Iran may not find it attractive to offer its oil fields to Indian companies. |
| In June last year, the two countries had signed a sales and purchase agreement in Tehran for the LNG supply for a period of 25 years at $2.90 per mln British thermal unit. |
| The deal ran into rough weather after Iran subsequently raised the price, which India refused to pay. |
| However, ONGC Videsh says it is still pursuing Iran to go ahead on the project. |
| "We have not received any intimation from Iranian side on this project (Jufeyr oilfield). I think we are still part of the project," ONGC Videsh Managing Director R.S. Butola said. |
| He said the company has already submitted the master development plan for Jufeyr field to PEDEC. |
| The Jufeyr field, located in the Iran-Iraq border, is likely to produce 30,000 barrels crude oil per day. |
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