Iran to develop its new oil fields

Iran to develop its new oil fields
© Photo: Maria Novoselova / Vestnik Kavkaza

Iran is prepared to sign contracts worth $2 billion to develop oil fields, CEO of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr said.

"In the 2.5 years of the 13th government, we signed contracts worth $9 billion annually, which is 6 times more than in the past," Mohsen Khojasteh Mehr said.

The contracts will be signed for the development of Changuleh and Band-e-Karkheh fields, as well as for the purchase of crude oil processing services.

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