The Iran Project
: Some 15 contracts worth $1.1 billion have been signed on the last day of Iran Oil Show.
Saturday 11 May 2024 - 22:35
Story Code : 421402
Source : IRNA
15 major contracts signed on last day of Iran Oil Show
On the last day of the event, some $1.1 billion worth of contracts were signed by the Oil Ministry, the National Iranian Oil Company (NIOC), and the Scientific, Technological and Knowledge-based Department of the Presidential Office with domestic companies.
The contracts included 11 first production contracts worth $580 million and four other contracts for indigenizing oil industry equipment valued at over $520 million.
A 200-million-dollar contract signed between the Scientific, Technological and Knowledge-based Department of the Presidential Office and Sepahan Oil Company was about developing knowledge-based economy in refining industries, renewable energies and related areas.
Reporter : Editorial of The Iran Project
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