South Pars gas contracts awarded

16 June 2010

Iranian companies have been awarded $21bn of contracts to develop six stages of the South Pars gas field, Bloomberg has reported. Contracts for phases 13, 14, 19, 22, 23 and 24 were signed between the state-owned National Iranian Oil Co and local firms, the country's oil ministry said. Plans to develop South Pars have been delayed due to UN sanctions over Iran's nuclear power programme.

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