The resolution of the Economic Council regarding the development of the new phases of the South Pars gas field and the increase of the credit limit (up to a total of 3072 million dollars) and the timing of the contracts for the development plans of that field were announced.

The CEO of the National Iranian Oil Company announced that the drilling of 35 wells in the South Pars field with a credit of one billion and 170 million dollars, with the aim of increasing productivity and maintaining gas production, was handed over to four Iranian drilling, exploration and production companies.

Pointing out that the Leader of the Revolution said that the increase in investment in the oil industry should lead to an increase in production growth, the Minister of Oil said: With the increase in investment, nearly 40% has been added to Iran’s oil production. According to Energy Press, in the recent meeting between the