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