Oil Minister Bijan Namdar Zanganeh said the deal reached between two government-owned firms, Pars Oil and Gas Company and PetroPars, to develop the Balal field would be the first of many, Hindustan Times reports.
Two Iranian companies signed a $440 million agreement Saturday to develop a gas field in the sensitive Gulf, with the oil ministry saying it showed arch-foe the United States could not stop the country with sanctions.
Oil Minister Bijan Namdar Zanganeh said the deal reached between two government-owned firms, Pars Oil and Gas Company and PetroPars, to develop the Balal field would be the first of many.
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