Iran's Petropars, the Pars Special Economic Energy Zone (PSEEZ), and Italy's Stinnes Interoil Italia Srl have cemented a deal to develop a new oil field in southern Iran, the managing director of Petropars said.
“This is the first document signed to carry out feasibility studies for the development of the Pars 3 region in Iran,” Mohammad Javad Shams told Shana, after signing a memorandum of understanding (MoU) with Stinnes Interoil Italia Srl and PSEEZ in Tehran on Thursday June 9.
In the first phase of the MoU, added Shams, the three partners will run feasibility studies and the Italian partner will act as the investor in the project. This phase will take 8 months.
Interoil has the experience of investing in the construction of major ports in Africa. The company contacted Petropars to cooperate with the company, which resulted in the MoU, added Shams.
Previously, the company cooperated with Petropars in the development of Phase 12 of the supergiant South Pars gas field, and the latter views Interoil as its technical arm in the development of the Pars 3 region.
The Organization of Islamic Cooperation’s conference kicks off in Gambia’s capital Banjul.
A group of mourners took to Imam Reza’s shrine in the northeastern Iranian city of…
An Israeli military incursion into Gaza's southern city of Rafah could lead to a "bloodbath",…
The Ukrainian government is angering its citizens living abroad by its attempts to pressure them…
The level of water in the Zrebar Lake in western Iranian city of Marivan has…
The United Nations has issued a stark warning on the potential consequences of an Israeli…