Tehran set to sign 3rd oil contract with foreign company
Baku, Azerbaijan, Oct. 17
By Elnur Baghishov – Trend:
The third Iran Petroleum Contract (IPC) will be concluded with a foreign company, Iranian Deputy Minister of Petroleum Ali Kardor said in an interview with ISNA.
Before signing an agreement, it is impossible to disclose the name of the company and at which fields it will operate, he said.
Kardor stressed that the contract is expected to be signed within the next two weeks.
While responding to a question whether Iran has a problem with getting money through oil sale, the deputy minister said there is no problem in this sphere.
He said Iran has no problem with getting money in euros instead of dollars in oil sale.
If Europe supports this issue, no problem will arise, Kardor added.
The first IPC was signed last year between the National Iranian Oil Company and a consortium led by the French company Total for the 11th block of South Pars gas field. Of course, after oil sanctions were imposed on Iran, Total left the agreement.
The second agreement was signed by the National Iranian Oil Company, Russia's Zarubezhneft and Iran's Dana Energy in March this year to increase production at the Aban and Paydare Qarb oil fields.