Managing Director of National Iranian Oil Company (NIOC) said on Saturday that the operator for Farzad-B gas field has been determined and the deal for the development of the field is going to be signed in the near future, Mehr News Agency reported. Masoud Karbasian made the announcement on the …
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The investment includes $5.8 billion for developing Farzad B and another $5 billion to build a facility to liquefy the gas and export it as liquefied natural gas (LNG).
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A major new oil gas discovery. similar to the giant South Pars Gas Field. is unlikely to take place.
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Under sanctions. Iran was banned from the global financial system. preventing the field'.s development.
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Iran'.s total natural gas output has reached 840 mcm d from 490mcm d in 2013.
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.Iran'.s production of natural gas from the supergiant South Pars Gas Field stands at 480 mcm/d
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.Iran is the world’s third largest producer of gas
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Ministry of Petroleum has requested qualified foreign E&.P companies to take part in the process of qualification assessment.
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