Govt. to consider new oil contracts

Young journalists club

News ID: 4135
Iran » Iran
Publish Date: 9:40 - 11 May 2014
Tehran, YJC. Vice President in Legal Affairs says new oil contracts will soon be decided upon in the executive body.

Addressing a meeting on oil industry development, research and technology in the sidelines of Iran’s 19th international oil exhibition, Vice President in Legal Affairs Elham Aminzadeh stressed fair extraction from joint oil fields and said "It is a pity that right now joint fields are not being fairly tapped.”

She pointed to forms of proportionate consolidation plans on joint fields and said "The expansion of joint fields has to be relegated to a third country so that it would fairly share interests between the two countries.”

She also pointed out that contracts on oil have to be lucrative for foreign companies while they preserve Iran’s rights on energy.

Aminzadeh further explained that a number of new contracts are soon to be handed over to the Iranian government and stated that after governmental considerations, new policies will be issued to deal with the contracts.

The Vice President in Legal Affairs also stated that her department is willing to offer aid to the oil and economy sections and added "If oil industry officials enjoy the necessary advanced education in various areas, the oil industry will be immune to all kinds of hazard and it will not get hurt.”

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