Posted By : | Date :06-11-2016
The North Yaran field development is the first completely Iranian buy-back project which is planned to produce 30,000 barrels per day of crude oil in second half of this year. Buyback contract is a bilateral contract. Rights and obligations related to the sale of equipment and Technology in the initial contract and the obligations arising from the use of equipment related to sales of the product obtained above buyback will be included in the contract. According to public relations of ministry of petroleum, April performance report of the project indicates…
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