Off the wire
• Direct flight connects China's Xi'an, Melbourne  • FLASH: EGYPT COURT CONFIRMS NULL TWO ISLANDS TRANSFERRED TO SAUDI  • Courier companies to deliver over 1 bln packages following Singles' Day  • Across China: VR enriches lessons, learning experience  • China, India pledge to enhance mutual trust, safeguard border peace  • Foreign exchange rates in Singapore  • Singapore stocks close 0.69 pct higher  • Commentary: CPC backs bold officials with passion for reform  • Pakistan summons Indian envoy over "ceasefire violations"  • Top news items in major Zambian media outlets  
You are here: 　 Home

Iran signs deal to develop gas field in Persian Gulf region

Xinhua, November 8, 2016 Adjust font size:

The National Iranian Oil Company (NIOC) and a consortium involving France's Total, the China National Petroleum Corporation (CNPC) and Iran's Petropars signed a major deal Tuesday to develop the phase 11 of Iran's South Pars Gas field.

The contract for the development of the gas field in the Persian Gulf region is worth 4.8 billion U.S. dollars.

The deal marks the return of major international companies to the energy projects of the Islamic republic following the clinch of a nuclear deal between Iran and the world powers in July last year.

The project, which is scheduled to be completed within six months, will add 56 million cubic meters to Iran's capacity to extract gas from the field which is shared with Qatar. Endit