Iran's NIOC signs major oil deals with France, China
The National Iranian Oil Company has signed a multi-billion dollar heads of agreement deal with three major oil companies from France, China and Iran to develop phase 11 of the South Pars gas field. The deal is the first of its kind to be implemented within the framework of the oil ministry’s new model of contracts known as IPC.
Our correspondent Amir Mehdi Kazemi has the details in the following report.
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