(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 28. Iran has signed two
agreements and a contract in oil sector worth a total of $516
million, Iran's Vice President Rouhullah Dehghani Firouzabadi said,
citing Shana News Agency.
He made the remark at the 27th Iran International Oil, Gas,
Refining and Petrochemical Exhibition in Tehran on May 20.
According to him, $500 million worth of two agreements and 16
million worth a contract were signed in the country's oil
Dehghani Firouzabadi said that an agreement worth $300 million
was signed between the science, technology and startup department
under the President of Iran and the Khatam al-Anbiya Construction
Headquarter on oil and gas discoveries, development of oil sector,
as well as development of renewable energies.
The vice president also added that an agreement on cooperation
in 8 start-up projects worth $200 million was signed between the
science, technology and start-up department under the President of
Iran and the Pasargad Oil and Energy Company.
"At the same time, the science, technology and start-up
department signed a contract worth $16 million with the National
Iranian Drilling Company (NIDC) and the country's startup companies
for the domestic production of a number of supplies in the country
for the first time," he noted.
The 27th Iran International Oil, Gas, Refining and Petrochemical
Exhibition started in Tehran on May 17 and ended on May 20, 2023.
The Iranian side announced that 120 agreements and 50 contracts
were signed within the framework of the exhibition.
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