New Oil Contracts To Be Finalized Soon: Zanganeh

Tehran, Oct 8, IRNA - Oil Minister Bijan Namdar Zangeneh said here on Wednesday that new oil contracts will be finalized in his ministry in near future. The Oil Ministry is finalizing the new oil contracts, Zangeneh said, underlining that the contracts will be submitted to government for approval. The necessary incentives for attracting more foreign investoments have been stressed in the new oil contracts, he added. As per the new contracts, the Iranian experts are set to work with foreign investors and become familiar with the latest oil technologies, the minister noted./end