Lawmaker Advises Ministry to Use New Oil Contract Model

Talking to Shana, Najafi said using the new model of oil contracts will help promotion of business and trade of the country.

Meanwhile, member of the Industries and Mines Committee of the Parliament, Majid Naserinejad said the Parliament had approved general conditions of the oil contracts and informed cabinet of the result. 

He welcomed the National Iranian Oil Company’s signing the first contract based on the new model with an Iranian company.