Iran Oil Majors Sign $6b Contracts With Local Firms

The contracts will boost the morale of local companies as the US wants to cause anxiety and disappoint the Iranian people by its open hostility and unending economic pressure tactics
Iran Oil Majors Sign  $6b Contracts With Local FirmsIran Oil Majors Sign  $6b Contracts With Local Firms

National Iranian South Oil Company and Iran Central Oil Fields Company, both subsidiaries of the National Iranian Oil Company, signed contracts with domestic oil and gas companies on Tuesday to develop nine oilfields.
According to Shana, the production, maintenance and enhancement agreements, worth $6 billion, include 33 projects to raise oil output by 300,000 barrels a day within three years.
Giving a breakdown earlier on the venture, Oil Minister Bijan Namdar Zanganeh said 29 projects will be undertaken onshore and the rest offshore.


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