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Friday, September 18, 2026 1:3 GMT
The National Iranian Oil Company (NIOC) has ratified and launched development operations on five oil and gas field contracts worth US$13.6 billion under the 14th administration, with the projects expected to add more than 600,000 barrels per day to oil output and 30 million cubic meters per day to gas production, the company’s director of engineering and development said. Reza Aqebati also said new upstream development contracts have been signed under the administration. In addition to the...More