Vidya Ram, 12.26.07, 2:30 PM ET
Iran doesn’t seem to be having any problems finding allies willing to help it develop its petroleum resources, whatever the objections of the U.S. government.
Iranian National Oil and Malaysia’s SKS Ventures signed a $6 billion contract to develop the Golshan and Ferdows offshore gas fields in Iran, which contain an estimated 60 trillion cubic feet of gas, Minister Gholamhossein Nozari said on Wednesday. He said that a second part of the deal to build plants to produce liquefied natural gas worth $10 billion would soon be ready for signing.