BAKU, Azerbaijan, March 3
By Elnur Baghishov - Trend:
Iran is preparing to sign 9 new contracts in the oil sector, Deputy Director for Development and Technical Affairs of Iran National Oil Company Reza Dehgan said, Trend reports citing NIOC's message.
According to Dehgan, 10 contracts were signed in Iran's oil sector last year (from March 21, 2018 to March 21, 2019), with an average of 20 percent progress on these projects.
Dehgan added that 14 contracts will be determined in the first half of next year (starting March 21, 2020).
The official said that in general, 33 contracts for increase of oil production in the Iranian oil sector are envisaged.
According to Dehgan, contractor contractors are Iranian companies, projects to protect and increase oil production will be developed in seven provinces of Iran.