Tehran (IP) - A contract for the development of the Persian and Paranj fields was finalized with the attendance of Iranian Oil Minister Bijan Namdar Zanganeh in Tehran.

Iran Press/Iran news: This contract which includes recycling improvement, production increase and utilization of Parsi and Paranj oilfields was signed Saturday morning in Tehran with the presence of Iran's Oil Minister Bijan Namdar Zanganeh and other senior officials.

During the ceremony, Managing Director of South Oil Regions Morteza Mohammadi said: "Signing an agreement between NIOC (National Iranian Oil Company) and MAPNA group is a historical agreement in the oil industry. All technical work has been done by domestic experts."

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