Petronas ponders South Pars
Iran: Tuesday, June 13 - 2006 at 10:01
Malaysia's national oil company Petronas says it will decide by Q3 2006 whether to go ahead with a $2bn joint venture in Iran to develop the giant South Pars offshore gas field, reported AP. Petronas has a 20% stake in the field; France's Total has 30%; the National Iranian Gas export Company holds 50%. South Pars, believed to be the world's largest gas field, is shared by Iran and Qatar.
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James McInerney, News EditorTuesday, June 13 - 2006 at 10:01 UAE local time (GMT+4)
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