According to ICOFC Public Relations Managing Director of Iranian Central Oil Fields Company (ICOFC) Salbali Karimi says the company has privatized 11 billion dollar worth of production and development projects within framework of Iran oil contracts.

On the sidelines of a visit to the 21st Tehran Oil Show Karimi told reporters  that all ICOFC output is completely protective.

He said in the post-sanctions era, many foreign companies have announced readiness to contribute to the ICOFCs field development projects .
He hoped that cooperation with foreign parties will help maximize production and serve protective production.