IRAN: Shell should offer outline of SP development project by Sept 2008

Oil Minister Gholam-Hossein Nozari said here Wednesday that the Shell oil company should offer to Iranian Oil Ministry the outline of its project for development of Phases 13 and 14 of South Pars gas field by September 2008.

Nozari told IRNA on the sidelines of a Cabinet weekly session that Iran has given a deadline to Shell to this effect.

He said if Shell's master plan is accepted, the Oil Ministry will decide on continuation of cooperation with it. Nozari said his ministry had over the past few weeks signed two big contracts for development of Yadavaran oil field and of the Golshan and Ferdown gas fields.

He said that based on the contract, about dlrs 16 billion is to be invested in the upstream, downstream and LNG sectors of Golshan and Ferdown gas fields.

"Since I took up the ministerial post I have said we shall not be kept waiting by any company and efforts are underway to finalize all the development projects," he added.

He assured Iranian citizens that there will be no need to worry about gas shortage in the coming days.

He said Phases 2 to 5 of South Pars gas fields are fully operational. Asked about the reason for halt in Turkmenistan's gas exports to Iran, Nozari said, "They have told us the problem had been technical.

The Turkmen officials have not set any date for resumption of gas exports to Iran, however. As for Iran's gas exports to Turkey, Nozari said Iran continues exporting gas to Turkey.

Via: Islamic Republic News Agency

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