French supermajor Total signed a 20-year contract in early July to help Iran develop one of the largest natural gas fields in the world.
The Iranian government aims to sign a handful of oil and gas development deals with foreign companies by the end of the year, an oil company director said.
Gholamreza Manouchehri, deputy for development and engineering at the National Iranian Oil Co., said President Hassan Rouhani has set of goal of signing 10 new development deals by the end of the Iranian calendar year, March 20.
“The gas deal [with Total] and similar contracts will increase the country’s stability and security,” he was quoted as saying by SHANA, the Iranian Oil Ministry’s news website. “We are keen to accelerate the development of Iran’s petroleum industry and plan to sign 10 more deals by the end of the year.”