Oil & Gas

16 Jun 2024

Iran to Sign Contracts Worth $2 BN Over Developing Oil Fields

16 Jun 2024  by en.mehrnews   

TEHRAN, Jun. 16 (MNA) – CEO of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr says that Iran is scheduled to sign over %2 billion worth of contracts to develop oil fields.

Agreements would signed for the development of Changuleh and Band-e-Karkheh fields, as well as for the purchase of crude oil processing services.

In the current government, according to him, contracts worth $22.5 billion were signed, of which 88% of them were related to oil fields.

$13 billion worth of contracts have been concluded in previous governments.

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


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