Managing Director of National Iranian South Oil Company (NISOC) Bijan Alipour said the contract for development of Karanj oilfield will be signed with international consortiums and companies within next one month.

Head of Iran-Iraq joint Chamber of Commerce Yahya Al-Eshaq said on Monday to keep presence in Iraq market, Iran has economic, historical, political, security, social and cultural obligation and in case of quitting the market will be in hands of competitors.