Middle East Economic Survey

VOL. LI

No 1

7-January-2008

IRAN

POGC And SKS Sign $6Bn Golshan/Ferdows Upstream Deal

Irans Pars Oil and Gas Company (POGC) and Malaysias SKS Ventures signed a $6bn agreement on 26 December for development of the offshore Golshan and Ferdows fields. Iranian Minister of Petroleum Gholamhossein Nozari told state TV that the agreement covered the upstream development and gas sweetening sections of a combined project, with total value estimated at $16bn, that will include...