(MENAFN) National Iranian Oil Company (NIOC) revealed that it intends to ink at least 10 new 10 contracts depends on Iran's new model of oil contracts (recognized as IPC) by the end of the current Iranian calendar year.
Furthermore, NIOC announced that it has entered serious discussions with several potential suitors based on the oil ministry's priorities.
According to the Iranian oil minister, "All the negotiations are proceeding smoothly in a way that none of them impedes the others," he asserted.
"Technical aspects must be clear to make discussing financial issues and investment procedures possible," he also added.
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