The deals were signed in a ceremony held in the presence of Iranian Minister of Petroleum Javad Owji between ACECR and a number of MOP subsidiaries on Monday.

Accordingly, the National Iranian Drilling Company (NIDC) and the Iranian Offshore Oil Company (IOOC) signed deals each concerning their focus of operations with ACECR.

Meanwhile, Petroleum Engineering and Development Company (PEDEC) signed a 4-year contract for the purchase of crude oil processing services using rapid processing equipment for the construction of a factory by the method of construction, ownership and operation with a value of about $71 million, and the Construction Support and Goods Procurement Department of the MOP signed another deal worth €5 m for a period of 2 years.