Development of the second phase of Azadegan Square with an investment of $ 7.5 billion by Iranian companies

According to Fars News Agency economic correspondent, Mohsen Khojasteh Mehr, CEO of the National Iranian Oil Company, said today in a press conference at the 26th International Exhibition of Oil, Gas, Refining and Petrochemicals: Contract The second phase of the development of North and South Azadegan Square will be concluded with a group of exploration and production companies and financial institutions worth $ 7.5 billion.

He added: “We have passed the preliminary work of this contract and this contract will be signed in the next few months with the participation of capable groups.”

Khojasteh Mehr said: “Our other plan is to diversify the methods of selling oil through the participation of the private sector.”

The CEO of the National Oil Company said: “We are trying to create an Iranian oil exchange in the form of an oil commodity deposit certificate.” Despite the efforts of the previous government, this plan did not succeed.

“Investing in petrochemical holdings is another way of financing,” he said. In March of last year, a contract was signed for eight mobile gas collection packages worth 500 million euros.

Khojasteh Mehr said: “Tomorrow, a memorandum of understanding will be signed with 4 petrochemicals worth $ 3 billion in the upstream area.”

The CEO of the National Oil Company said: “Regardless of tomorrow’s memorandum, in the 13th government, the National Oil Company has signed a $ 9.6 billion contract and a memorandum worth $ 4.5 billion.”

The CEO of the National Oil Company emphasized: Studies and development proposals for the Caspian Sea were presented during the recent visit of the Minister of Roads, in which the representative of the National Iranian Oil Company was present, but we have not yet reached the executive work.

He said: “There is no background to the agreement between Iran and Russia on the structure of the Chalous (Caspian) and so far we have not reached any agreement on joint cooperation with Russia. Our slogan in interaction with neighbors is” constructive interaction except deterrent competition. “

Khojasteh Mehr said: “Iran’s oil diplomacy with Russia is now active and during the President’s visit to Moscow, we managed to sign a contract and a memorandum of understanding.”

The CEO of the National Oil Company emphasized: Currently, 5 Iranian oil fields are being developed by Russian companies and the operation of 2 more fields will begin soon.

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