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Gas-extraction

Iran to be ahead of Qatar in SP gas extraction

: Tuesday, August 19 - 2014 @ 01:02

Deputy Managing Director of National Iranian Oil Company said, Iran will complete development of the South Pars Gas Field within the next three years. Ali Kardour added that Iran’s gas extraction from the offshore field will exceed that of Qatar, which also shares the large gas reservoir. “In three years, we’d have completed South Pars,” he told Bloomberg. “We will have seen full production from South Pars, and we think we’ll be ahead of Qatar.”. Kardour announced that Iran is rescheduling a plan to attract US and European oil investments. Iran was planning to introduce what it describes as a flexible and attractive oil contract at an event in London on November 3-5. It has pushed back the date until later that month since the nuclear talks between Tehran and the six world powers were extended.

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Tuesday, August 19- 2014 @ 1:02 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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