Iran delists South Pars phase 11 among IPC projects
TEHRAN – Iran has ruled out introduction of the controversial South Pars gas field’s phase 11 to foreign investors under the terms of the recently unveiled Iran Petroleum Contract (IPC) model, the SHANA news agency reported on Sunday. Iranian oil decision makers let slip the news in the ceremony held in Tehran to introduce the IPC model to foreign investors. Instead, contractors are expected to tender for the phase. According to an initial development schedule, phase 11 is envisaged to have an approximate sour gas output of 56 million cubic ...
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