Korean Firms Win Contracts For First-Phase South Pars Gas Project
Two major contracts have been awarded for development workon the first phase of the South Pars offshore development project by the NIOCsubsidiary Pars Oil and Gas. This company is responsible for this phase of theventure, which is projected to produce 1bn cu.ft. daily of gas and 40,000 b/dof condensate. Financing for the project is being arranged by France痴 CreditAgricole Indosuez and other...