Azerbaijan, Baku, September 7 / Trend /
"Venezuela will invest the 12-th phase of Iranian gas field of 'South Pars'. Its share in development of this phase can hit 10 percent.
This document was signed with Petro Pars Company during the Venezuelan President Hugo Chavez's visit to Iran," director of Iranian company Petro Pars, Gholamreza Manouchehri, said.
At present, NIKO Company has 60 percent of investments in development of 12-th phase of 'South Pars' field and African company - 20 percent.
Petro Pars company will submit necessary documents to Venezuelan oil company PDVSA to implement the project.
Discussions on 20 percent of investments necessary for development of 12-th phase of Iranian 'South Pars' gas field were conducted with Austrian company "OMV", Italian company - "Edison", Indian - "NGS" and one Chinese company.