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4% of Oil Projects' Value for Underdeveloped Regions

4% of Oil Projects' Value for Underdeveloped Regions4% of Oil Projects' Value for Underdeveloped Regions

The National Iranian Oil Company has allocated 4% of the oil projects' value, including extraction and production, on implementing development plans in oil-rich regions, NIOC's managing director said. "Social responsibility and contribution to regional development schemes are NIOC's priority since oil is the mainstay of the economy," Ali Kardor was also quoted as saying by Shana.

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