IRAN GEARS UP TO IMPROVE OIL RECOVERY RATES, OFFERS CONTRACT WORTH USD 1.3 BILLION

Highlights:

• The Islamic Republic’s Petroleum Minister, Bijan Zanganeh, announced last week that the country is awarding a contract worth USD 1.3 billion.
• The contract aims to improve oil recovery at two onshore oil fields in the MAPNA Group, which is Iran’s main Infrastructure and Power Construction Company.

Tehran is leaving no stone unturned to drama....