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FinancialNews


  • 12-01-21

    National Iranian Oil Company signs 8 deals worth USD1.4 B

    (MENAFN)According to Shana, on Monday, the Iranian Oil Company (NIOC) signed eight deals valued at €1.2 billion (USD1.4 billion) with domestic companies for developing the country’s oil fields.

    During a ceremony attended by senior oil industry officials including the Oil Minister Bijan Namdar Zanganeh, the deals were signed.

    The stated deals were inked by two NIOC subsidiaries namely the Iranian Offshore Oil Company (IOOC) and the National Iranian South Oil Company (NISOC), as employers, and eight domestic companies for the preservation of the production level and rising recovery factor of different oil fields.

    The rewarded fields are situated in multiple provinces including Bushehr, Fars, Khuzestan, Kohgiluyeh-Boyer Ahmad as well as Hormozgan provinces.

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