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BBC Monitoring Service (UK): Iran strikes multi-billion-dollar deal with UK, Spanish firms amid US sanctions

Published: Jan 28, 2007

Excerpt from report by Iranian Students News Agency (ISNA) website

Tehran, 28 January: The agreement to develop phases 13 & 14 of the South Pars gas field was signed between the heads of the National Iranian Oil Company and the two companies of Shell and Repsol this evening.

The 4.3-billion-dollar deal will be an important step in the development of the South Pars gas field.

The project will include the production of 3b cu f of per day of gas and the transfer of the gas to the onshore refinery located at Site 2 of the Pars Special Energy Zone, 135 kilometres away from the sea and 50 kilometres west of Asaluyeh. The project also includes the processing of the gas and the production of 110 barrels of gas condensate per day. [Passage omitted on details of the project, number of wells to be drilled and their location].

The agreement will cover the upstream part of the [Persian LNG] project and was singed as a buyback deal. The project will export 16m tonnes of LNG [Liquefied Natural Gas] per year. The upstream section of the project is estimated to cost 4.3b dollars, while the downstream section, which includes the construction of LNG units, is estimated to cost between five to six billion dollars.

Source: ISNA website, Tehran, in Persian 1752 gmt 27 Jan 07

BBC Monitoring

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1 Comment on “BBC Monitoring Service (UK): Iran strikes multi-billion-dollar deal with UK, Spanish firms amid US sanctions”

  1. #1 Abdolmajid Roohnia
    on Jan 29th, 2007 at 02:17

    Hi,

    I have been working with gas refinery contractors at Kangan gas refinery, phases 2 and 3, phases 6, 7 and 8 in administrative positions

    I would very much like to be at phases 13 and 14 and work as administration manager.

    Please provide me links.

    A. Roohnia

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