Domestic firms ink deal to develop South Azadegan oil field

TEHRAN TIMES | Iranian Petroleum Engineering and Development Company (PEDEC) and Petropars Group signed a deal on Monday for completing the development of South Azadegan oilfield as well as constructing a Central Treatment Export Plant (CTEP) with a capacity of 320,000 barrels per day (bpd) at the field.

The deal, worth $961 millionو plus 11.83 trillion rials (about $281.66 million), was signed by PEDEC Managing Director Touraj Dehqani and Petropars CEO Hamidreza Mahmoudi at the presence of Oil Minister Bijan Namdar Zanganeh, Shana reported.

To read the full article, click here.

  • LinkedIn
  • Twitter

© 2020 Energen. This website represents a proof of concept of the future platform