The Chinese oil company CNPC will commence drilling on the oil field Azadegan in Iran, IRNA said.
The Chinese oil company signed $2 billion agreement with Iran. The company will begin drilling at the Azadegan oil field next year. The agreement was signed between the Iranian national oil company and a Chinese oil company CNPC.
According to the report, the Chinese oil company will produce 75,000 barrels of oil in Azadegan oil field over four years.