Iran signed its biggest oil contracts in the past decade worth more than $13 billion on Sunday with domestic firms to develop six oil fields, Tehran Times said.
The deal will add 350,000 barrels of oil to daily production and create 66,000 direct and indirect jobs, according to Tehran Times.
The contracts include the development of Iran’s largest joint oil field, Azadegan, and the Azar oil field development project, the Masjed Soleyman oil field, and the Soumar, Saman, and Delavaran fields.
They were signed on the 73rd anniversary of the nationalization of Iran’s oil industry in the presence of Oil Minister Javad Oji, First Vice President Mohammad Mokhber, and the head of the National Iranian Oil Company, Mohsen Khojasteh-Mehr.
