The field. operated by Eni. was discoveredAugust 2015 and is estimated to have a total potential of up to 30 trillion cubic feet of gas in place.
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The project has 1.6 billion euro investment and will result in creating 1.500 jobs directly and 10.000 ones indirectly in Ardebil Province.
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Novak was a key driver of the push for Libya and Nigeria. whose surging production earlier this year helped to crash oil markets.
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The only international crude pipeline now in operation in Iraq links the northern. semi-autonomous Kurdish region to Turkey'.s Mediterranean coast.
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