...

Major events in Caspian countries' oil and gas industry for last week (Nov. 7-11)

Analysis Materials 15 November 2016 14:51 (UTC +04:00)

Iran, Total sign contract on South Pars

Iran and French Total signed a contract to develop a large offshore gas field in the Persian Gulf, Gholam-Reza Manouchehri, deputy head of the National Iranian Oil Company (NIOC), said, Tasnim news agency reported. He said that the agreement on the development of the 11th phase of the South Pars giant field was signed during a meeting in Tehran. The agreement was signed with a consortium led by Total. He added that the consortium also includes China National Petroleum Corporation (CNPC) and Iranian Petropars. The consortium is ready to invest up to $4.8 billion in the project implementation.

Tags:
Latest

Latest