VOL. XL

No. 48

1-December-1997

IRAN

Gazprom Will Invest $600Mn In South Pars Gas Field

Gazprom will invest $600mn in the development of Iran's South Pars gas field, Mr. PyotrRodionov, deputy chairman of the board of the Russian gas company, announced on 25November. Mr. Rodionov told a press conference in Moscow that under the agreement reachedwith Iran, Tehran would repay Gazprom its full investment with interest and cover all gasfield operator expenses incurred by the company for a period of...