Iran and Belarus here Wednesday signed a new form of buy-back contract on development of ‘Jofeireh’ oil field in Iran’s oil-rich province of Khuzestan near the Iraqi borders.

Iran’s economic growth last year surpassed 7%, said President Mahmoud Ahmadinejad here on Wednesday.

Iranian deputy commerce minister conferred with Indonesia’s deputy industries minister here in Tehran on Wednesday about ways to expand the two countries’ economic cooperation.