A company owned by Iran’s biggest state-controlled charity has signed a contract to develop part of the country’s second-largest oil field. Sina Energy Development Co. will carry out drilling and repair work on 18 wells as well as building pipelines for Phases 1 and 4 of the Marun oil field in southwestern Khuzestan province, a report on mfnews.ir said, quoting the company’s managing director, Javad Owji. Sina Energy was established in 2007 and is owned by the Bonyad-e Mostazafan Foundation, which also reported the deal on its website. The foundation is a religious endowment for war veterans and the poor that is ultimately managed by Supreme Leader Ayatollah Ali Khamenei. It controls a large number of industrial and commercial assets, including factories, mines and construction firms. Owji said the contract is for two […]