Article: IRAN: ECONOMY COUNCIL APPROVES CONTRACT TO DEVELOP SOUTH PARS, BANGESTAN OIL FIELDS.

According to "Tehran Times", the contracts to develop the South Pars oil layer and the Bangestan oil field have been approved by the Economy Council. The National Iranian Oil Company (NIOC) has awarded the contracts to develop the South Pars oil layer and the Bangestan oil field (Marun, Bibi Hakimeh and Ahvaz oil layers) to Petroiran Development Co. Following five years of negotiations with various oil ...

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