He said development of joint fields is top on the agenda of the country's oil industry, adding given the fact that South Pars gas field's development is almost complete, development of joint fields is considered as a top priority for the country.
He also said other forms of contracts like EPCF, buyback and direct foreign finances will be used by NIOC for absorbing finances for developing projects.
"We are serious to implement IPC and will not be stopped in this path because there are no other paths," he added.
The Rouhani administration has endorsed a newly-developed contract model, known as IPC, and the parliament is currently reviewing its terms for final approval. Once the parliament approves of the model, NIOC will start considering them in its new deals.
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