Iran on Wednesday signed a gas deal worth around five billion dollars with the China National Petroleum Corporation to develop a part of the giant South Pars gas field in the Gulf, the official IRNA news agency reported. "We signed a deal with China National Petroleum Corporation (CNPC) to develop the upstream sector of phase 11 in the offshore South ...

Iran's state-owned gas company and a Chinese consortium Saturday signed a multi-billion dollar deal to produce liquefied natural gas in the Islamic republic's South Pars field, a report said. The deal, worth 3.39 billion dollars, was signed by Iran LNG company with the Chinese consortium for an annual production of 10.5 million tonnes of LNG, the ...

Tehran and Ankara on Monday signed an accord reinforcing agreements to develop Iran's gas fields and on the transit of Iranian gas to Europe, the official news agency IRNA reported. The accord covers the development of three phases -- 22, 23 and 24 -- in Iran's South Pars offshore gas field with Turkish investment as well as gas transfer to ...

Iranian President Mahmoud Ahmadinejad launched phase six of the giant South Pars gas field on Tuesday after a two-year delay, state television reported. Phase seven is due to go on line by year end and phase eight in May. The three phases will produce 104 million cubic metres (3.6 billion cubic feet) of sour gas, 158,000 barrels of ...