6 May 2016 - 14:27
  • News ID: 259850
COFC Privatizes $11bn Production, Development Projects

TEHRAN, May 06 (Shana) – Managing Director of Iran Central Oil Fields Company (COFC) Salbali Karimi says his company has privatized 11 billion dollar worth production and development projects within framework of Iran oil contracts.

Karimi told reporters on the sidelines of a visit to the 21st Tehran Oil Show that all COFC output is completely protective.
He said in the post-sanctions era, many foreign companies have announced readiness to contribute to the COFC’s field development projects .
He hoped that cooperation with foreign parties will help maximize production and serve protective production. 
News ID 259850

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