Petroleum Minister Bijan Zangeneh said here on Monday that the cabinet members are scheduled to approve of new models of oil contracts in the next two days.


Zangeneh made the remarks on the sidelines of a ceremony on the occasion of the 50th anniversary of foundation of National Iranian Gas Company (NIGC).

Once the contracts are ratified, he said, the executive phases of the contracts would be finalized.

Petroleum minister reiterated that in the first round of the international oil project tenders, several plans would not be announced and they would be introduced gradually.

President Hassan Rouhani took part Monday in a ceremony on the occasion of the 50th anniversary of foundation of NIGC.

National Iranian Gas Company was established in 1965.

Today's session was aimed at presenting the capabilities of gas industry in the international and national arenas and the important role it has played in national economy. The role of gas in improving the environment and lifestyle in Iran during the past 50 years was also examined.

The Iranian energy delegation headed by Deputy Energy Minister, Hoshang Falahatian, attended the first meeting of the joint energy working group of the two countries held in Prague .

Energy, water, construction and renewing of power plants, development of renewable energies, small hydropower plants, urban water and sewage management were the areas of potential cooperation between the Islamic Republic of Iran and the Czech Republic discussed in the first meeting of the joint energy working group of the two countries held in Prague on Thursday.

Czech deputy minister of industry and trade along with his Iranian counterpart, Hoshang Falahatian, headed the joint meeting.

Following the joint meeting of the energy working group of the two countries, the Iranian delegation met with Jan Mládek who has been the Czech minister of industry and trade since January 2014.

Asserting the Czech companies’ willingness for work with Iranian partners especially in area of energy, the Minister Mládek reassured that the Czech Ministry of Industry and Trade backs development of ties with Iran.