Iran
to award gas contracts to Total, Shell, Repsol
AFP
TEHRAN
Petroleumworld.com
02 26 06
The Anglo-Dutch energy giant Shell, France's Total and Spanish
firm Repsol will soon sign contracts with Iran to develop two
phases of the Islamic republic's offshore South Pars gas field,
an Iranian official said Sunday.
"The contracts will probably be signed in the current (Iranian)
week," said Akbar Torkan, the managing director of the state-run
Pars Oil and Gas Company (POGC) which is in charge of the Gulf
gas field.
The contracts concern phases 11 and 13 of South Pars and are slated
for the production of liquefied natural gas (LNG) for exports.
Total will be working on phase 11 in a project called Pars LNG,
while Shell and Repsol will be working on phase 13 under the name
Persian LNG. The firms will be operating jointly with the National
Iranian Oil Company.
Investment for each phase has been estimated at between 1.2 and
1.5 billion dollars.
AFP
02 26 06
Copyright
© 2006 AFP. All rights reserved
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