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Essar eyes Azadegan
- Iran: Sunday, March 18 - 2007 at 07:51
India's Essar Group is holding discussions with Iran over the development of the Azadegan oil field, which has reserves of 26bn barrels, reported Reuters. Iran had granted a 75% share to Japan's Inpex Holdings in 2004 but this was slashed to 10% last October after delays to the start of the project. Essar wants to ensure a fuel supply, via the field, for a refinery and steel plant planned for Iran.
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Jonathan Sheikh-Miller, Deputy EditorSunday, March 18 - 2007 at 07:51 UAE local time (GMT+4)
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This article was updated on Tue May 01 2007.
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