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NIOC to Finalize Three IPC Deals With Private Sector

NIOC to Finalize Three IPC Deals With Private SectorNIOC to Finalize Three IPC Deals With Private Sector

The National Iranian Oil Company is in the final stages of signing three oil deals with the private sector under the terms of Iran Petroleum Contract, NIOC's managing director said. 

"The deals, set to be finalized by the end of the current fiscal [ending March 20], are in line with NIOC's policy to outsource its activities to [the national and international] private firms," Ali Kardor was also quoted as saying by Shana on Saturday. 
He was speaking at the Second Iran International Exploration and Production Congress and Exhibition, which opened in Tehran on Saturday and will run till Monday. Kardor noted that the private sector has had an acceptable progress in the sector, which could be of great help in developing oil and gas activities.

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