Iran's Revolutionary Guard wins South Pars gas contracts

31 May 2010

Iran has awarded a local consortium contracts for two gas development projects and negotiations are under way to finalise a further three key deals, the Associated Press has reported. The country's Mehr news agency quoted Ali Vakili, director of the state-owned Pars Oil and Gas, as saying that Khatam-ol-Anbia will develop phases 13 and 14 of the giant South Pars Gas Field in the Persian Gulf. Talks are currently under way to finalise the awarding of phases 22, 23 and 24 of the South Pars field to Khatam-ol-Anbia, which is considered the most important financial unit of the Revolutionary Guard.

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