Good News about diversity of Oil contracts and Natural Gas Condensate

According to the information base of the Oil Ministry, Javad Oji, on Sunday (October 9) on the sidelines of the meeting of the Industries and Mines Commission of the Islamic Consultative Assembly, said that good news about the diversity of oil contracts and gas condensate and oil refining will soon be announced . He said ” in consideration to the world’s energy requirements and using the power and capacity of the foreign policy apparatus, purely selling oil is on our agenda. In this regard, refining oil with goods and investing is one of the methods that will be done.

He added ” we are ready to warmly welcome foreign and domestic investors for investing in gas and oil industries. Investors can receive oil and gas condensate as a form of trading in return for their actions. The Minister of Oil said that the domestic investors such as holdings and large economical enterprises can enter to develop gas fields of country and after the development of the field, they can receive natural gas and gas condensate as food or fuel in return for investment costs and profits. On the other hand, the Deputy Minister of Planning of the Oil Ministry is ready to accept investors in the development of fields and set contracts with them.

The Minister of Oil also referred to the meeting with the members of the Parliamentary Committee on Industries and Mines and stated ” in this meeting, a detailed report on the various sectors of oil, gas, and petrochemicals and how to invest in these sectors and the development of the oil industry was presented to agents.