OMV, an international oil and gas company based in Vienna, Austria, and Iran's Dana Energy Company have signed a memorandum of understanding to evaluate possible development and re-development projects in the Iranian oil and gas industry.

The document was signed in Vienna by S Mostafa Khoee, Dana Energy board member and upstream president, and Johann Pleininger, OMV executive board member responsible for upstream.
 
OMV has a long lasting partnership with Iran and entered the country in 2001. In 2016 the National Iranian Oil Company (NIOC) and OMV signed a Memorandum of Understanding concerning the evaluation of various fields in the Zagros area in the west of Iran, for potential future development.

OMV has also signed a joint study agreement with NIOC Exploration for the Fars area. - TradeArabia News Service