“Currently, oil exploration in the Mugan region has reached its final stage, and we hope that we will be able to extract oil in the Mugan region by the beginning of Isfand.”
The statement came from Abbas Jahangirzadeh, a representative of the people of Parsabad, Bilasuvar and Aslanduz in the Islamic Consultative Assembly. According to him, the search and extraction of oil is of great importance for the Mugan region. In addition, the construction of the Mugan Barandazi was announced during the visits of ministers and deputies of Iran and the Republic of Azerbaijan to the region.
Abbas Jahangirzadeh also noted that a quarry for the separation of oilseeds will be built in the Mugan steppe. According to the report, a ruling has already been signed. Thus, 50 percent of the 1200 billion toman investment will be provided by the private sector, and the rest by banks.
