Petrofac was awarded two deals for providing Health, Safety, and Environment (HSE) and technical training solutions, as well as a contract extension for assessment services.

Minister of Petroleum, Tarek El Molla, witnessed signing two urea selling and supplying contracts for Suez for Methanol Derivatives project, as well as two supply commercial propane supply contracts for Sidpec's Polypropylene project.

Betchel Company was chosen to process work at the Tahrir Petrochemicals Complex located in Ain Sokhna.

According to Reuters Iran announced that the development rights for its Farzad-B gas field will in fact be available to Indian companies, quelling Indian concerns that the contract would instead go to rival European firms.

In addition to unveiling its new contract model at a conference in London slotted for December, according to Bloomberg Iran has also intends to advertise 45 oil and gas projects to international companies at the said conference.