Chinese oil company CNPC to drill on oil field Azadegan in Iran

Oil&Gas 11 June 2009 16:46 (UTC+04:00)

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.

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