The NIOC top official, Gholam-Reza Manouchehri said, "If everything goes on well, by the end of the year we will sign two to three contracts based on the model. However, regarding limited time span left, by end of this year, not more than three contracts can be signed based on the new model of the oil contracts."
He hoped that the amendment on the new model of oil contracts will be approved at the cabinet this week and naturally it will be put at the disposal of the Parliament and once finally approved, the parliament will announce it.
He added that after approval of the framework, the tender document will be considered./
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