Iran Press/Iran news: In the ceremony of signing a contract for recycling improvement, production increase and utilization of Parsi and Paranj oilfields kicked off on Saturday in Tehran, Bijan Namdar Zanganeh said under the tough sanctions all Iranian companies must be activated.
"With this agreement, I hope to reach our goals in this regard and increasing our exploration up to 121 million barrel," he added.
Managing Director of South Oil Regions also said 52,000 barrels of oil are being extracted from Parsi and Paranj oilfields on a daily base.
Morteza Mohammadi expressed hope that with this agreement the extraction level goes high and brings added value for the country.
He said under the imposed sanctions it is hoped to implement the projects at the right time, adding that all the projects will impairment by internal abilities.
Managing director of National Iranian oil company (NIOC) Masoud Karbasiyan said all the oil projects will be done by Iranian companies one of which is Mapna Group that is the party of the important agreement.
The contract for recycling improvement, production increase and utilization of Parsi and Paranj oilfields was finalized on Saturday with the Oil Ministry and MAPNA group in attendance of Iranian Oil Minister Bijan Namdar Zanganeh in Tehran.
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