KIEV, Feb. 21 - Ukrainian-Iranian InterNaftGasProm Pars (INGP Pars) and Petroleum Engineering and Development Company (PEDEC, a subsidiary of the National Iranian Oil Company) on February 20 signed a contract on the development of three oil fields, according to Press TV, the Iranian state TV channel.

Under the contract, it is planned to invest up to $800 million in the exploration of the deposits of Koohmond, Boushkan and Kouhkali.