Iran to Continue Investments in Oil, Gas Development

The National Iranian Oil Company plans to sign a $7.5-billion contract on the development of joint fields with a consortium of domestic companies, managing director of NIOC said. 
“The imminent contract is aimed at taking optimal advantage of the capabilities of domestic companies for developing the second phase of North and South Azadegan oilfields,” Mohsen Khojastehmehr was also quoted as saying by the Oil Ministry’s news agency Shana.
“The contract will be signed in a couple of months with a consortium that is composed of Iranian exploration and production companies,” he added.