“Massive God-given potentials including hydrocarbon resources, and global developments in energy demand specially in gas as a clean fuel have provided golden opportunities for Iran’s economy,” the CEO added.
Through buy-back contracts, Hafezi said, IOOC managed to produce 1.4 billion barrels of oil and make 100 billion dollars in revenue.
Representatives from 137 petroleum heavyweights including Royal Dutch Shell, Total and Lukoil, to name a very few, attended the IPC Conference in Tehran.
A follow-up conference will be held in London on February 22-24 after the IPC event in Tehran.
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