Agreement on development of 27-th and 28-th phases of gas field 'South Pars' to be signed soon

Oil&Gas Materials 8 June 2010 17:17 (UTC +04:00)

Azerbaijan, Baku, June 8 / Trend /

The Iranian State Oil Company and Petro Pars Company will sign a contract to develop the 27-th and 28-th phases of gas field South Pars, Petro Pars CEO Gholamreza Manouchehri said, Fars news agency reported.

He said that the power of each phase is about three billion cubic feet of gas per day. They will be supplied to the gas network across the country. He also said that these two phases will produce 80,000 barrels of condensate per day. The cost of this project and the date of signing are unknown.