Shana: Iran Says Production of Oil from Caspian Sea Not Priority Energy
Shana: Iran Says Production of Oil from Caspian Sea Not Priority
Minister of Petroleum Bijan Zangeneh said on Tuesday that production of oil from Caspian Sea is not priority.
Production of oil in the Caspian Sea is not a priority for Iran but Sardar Jangal gas field has been introduced to investors within the framework of Iran Petroleum Contracts, Zangeneh underlined.
Elsewhere in his remarks, petroleum minister said that new edition of Iran Petroleum Contracts have been communicated to the government for approval after long discussions with critics.
First unit of the Persian Gulf Star refinery will come on stream in this Iranian calendar year (started March 20, 2016), Zangeneh added.