IRNA � National Iranian South Oilfields Company and Russia�s Zarubezhneft here Monday signed a new Memorandum of Understanding (MoU) for oil field study in Iran.

According to the agreement, Zarubezhneft company will study two Iranian oil fields of Shadegan and Rag-e Sefid in the southwestern province of Khuzestan.

Based on the agreement, Russia�s Zarubezhneft is committed to present its proposal for development of the two Iranian oil fields in a maximum of nine months.

The MoU on the study of Shadegan and Rag-e Sefid oil fields is the eighth agreement signed between National Iranian South Oilfields Company and Russia�s Zarubezhneft.

Two other Russian companies of Gazprom and Rosneft have already inked agreement with Iran for oil field study, but they have not reached the final deal yet.