According to the National Iranian Oil Company (NIOC), Gholamreza Manouchehri, the CEO of Oil Industries Engineering and Construction (OIEC), said on Sunday that his company was prepared to join sophisticated exploration schemes with NIOC.

OIEC and TEKNO have signed a contract with the exploration department of NIOC for seismographic projects of Basht and Paniz.

During a ceremony to sign the deal, Manouchehri described contractors as the operational arm of the NIOC, adding that under the current circumstances, more cooperated needed to be cemented between contractors and employers in the country.

He said it is desirable to put focus on the development of exploration activities given the current conditions of the country, and said what matters is activating the huge oil and gas potentialities of the country where exploration activities could be a initiating step.

The official further added that OIEC had signed contracts with Iranian companies in various fields, including transmission and flow pipelines, power plants, integrated control systems, various types of compressors, and well equipment, to name a few.