TEHRAN — The Pars Oil and Gas Company (POGC) has signed two deals totally worth Rls.700 billion with domestic companies on the manufacturing of well-head facilities, the POGC reported here on Wednesday.

The POGC signed the deals with the Machine Sazi Arak, Oil Industries and Equipment Company, and Abzar Bartar Iran.

Under the contracts, 51 well-head and x-mass trees will be manufactured for the POGC within three years.

In addition, international API standard will be observed for the manufacturing of the equipment.

Pars Oil and Gas Company is a subsidiary of the National Iranian Oil Company which is in charge of the development of Iran’s southern South Pars as well as the Persian Gulf Ferdows and Golshan gas fields.