Seyed Saeed Heidari, a member of the Majles Energy Commission, said Minister of Petroleum Bijan Namdar Zanganeh had issued an order to stop the development of domestic oil fields except for those that have already reached production and indicated that the Ministry will pay compensation for rescinded contracts.
‘Our neighbouring countries are extracting more than Iran in many shared oil and gas fields,’ Heidari explained. ‘We are markedly lagging behind.’
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