Iran, Russia sign initial agreement for oil field studies

BEIRUT (Reuters) - Russia's Gazprom Neft and National Iranian Oil Company (NIOC) signed a memorandum of understanding on Tuesday for feasibility studies on development of two oil fields, Iran's oil ministry news agency SHANA said. Gazprom will study both Changouleh and Cheshmeh-Khosh oil fields in Western Iran. Russian Energy Minister Alexander Novak and his Iranian counterpart, Bijan Namdar Zanganeh, were present at the signing ceremony in Tehran. (Reporting by Bozorgmehr Sharafedin; Editing by Tom Hogue)