{"id":7764,"date":"2023-09-20T13:07:09","date_gmt":"2023-09-20T13:07:09","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=7764"},"modified":"2023-09-20T13:07:47","modified_gmt":"2023-09-20T13:07:47","slug":"contract-on-integrated-development-of-joint-azadegan-oil-field-to-be-signed-in-a-month","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/7764\/","title":{"rendered":"Contract on integrated development of joint Azadegan oil field to be signed in a month"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\"><p><span class=\"pre-content-text\"><a style=\"color: #0038a8;\" href=\"https:\/\/roydadnaft.ir\/English\/\">RoydadNaft &#8211; <\/a><\/span>\u00a0A contract on the integrated development of the joint Azadegan oil field will be signed within a month, said the National Iranian Oil Company (NIOC) director of investment and business development on Wednesday.<\/p>\n<div class=\"item-body\">\n<div class=\"item-text\">\n<p dir=\"ltr\">Fereydoun Kord-Zanganeh, who made the announcement in a meeting between NIOC and insurance companies, added a memorandum of understanding (MoU) was signed and Dasht Azadegan Arvand Company was set up with a $7 billion investment made by two Iranian exploration and production (E&amp;P) companies and eight banks to implement the project.<\/p>\n<p dir=\"ltr\">Foreign investment in Iran\u2019s projects has been limited due to sanctions in recent years, said the official, adding NIOC has made every effort to carry out projects through utilizing domestic capacities.<\/p>\n<p dir=\"ltr\">A country\u2019s economic development demands appropriate management of projects, he underlined.<\/p>\n<p dir=\"ltr\">\u201cIn line with the 13th (incumbent) administration\u2019s policies on using the country\u2019s God-given resources for balanced development, NIOC held its first session with the country\u2019s monetary and banking experts in February 2022,\u201d recalled Kord-Zanganeh.<\/p>\n<p dir=\"ltr\">Considering successful cooperation between the National Iranian Oil Company and the country\u2019s financial system, NIOC has decided to utilize domestic insurance industry\u2019s capabilities for funding and implementing upstream projects, he concluded.<\/p>\n<p dir=\"ltr\">The Azadegan oil field is about 80km west of the city of Ahvaz, southwestern province of Khuzestan, and along the Iran-Iraq border, covering a total area of 1,500 square kilometers. It is known to be Iran\u2019s largest joint oil field with about 32 billion barrels of oil in place.<\/p>\n<\/div>\n<\/div>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2023-09-20T13:07:47+00:00\"> 20 September 2023<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"A contract on the integrated development of the joint Azadegan oil field will be signed within a month, said the National Iranian Oil Company (NIOC) director of investment and business development on Wednesday.","protected":false},"author":1,"featured_media":7765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,22,36,19,16],"tags":[],"services":[],"class_list":["post-7764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-iran","category-lastnews","category-news","category-oil"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/7764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=7764"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/7764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/7765"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=7764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=7764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=7764"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=7764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}