South Azadegan goes Buy-back

South Azadegan goes Buy-backSouth Azadegan goes Buy-back

Following the dismissal of Chinese contractors from the South Azadegan oil field, the development plan will be carried out in the form of buy-back agreements, said the managing director of National Iranian Oil Company (NIOC), Fars news agency reported. NIOC is to fund part of the project, and the rest will be financed through the revenue derived from the oil field.