Domestic firms ink deal to develop South Azadegan oil field

TEHRAN TIMES | Iranian Petroleum Engineering and Development Company (PEDEC) and Petropars Group signed a deal on Monday for completing the development of South Azadegan oilfield as well as constructing a Central Treatment Export Plant (CTEP) with a capacity of 320,000 barrels per day (bpd) at the field.


The deal, worth $961 millionو plus 11.83 trillion rials (about $281.66 million), was signed by PEDEC Managing Director Touraj Dehqani and Petropars CEO Hamidreza Mahmoudi at the presence of Oil Minister Bijan Namdar Zanganeh, Shana reported.


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