6 February 2006 - 17:13
  • News ID: 79072
MDP for Bangestan Under Study

TEHRAN – Petroleum Development Company is negotiating with the Petroiran Development Company to remove the ambiguities regarding a major development plan (MDP) for the Ahvaz Oil Field.

Nasrollah Ebrahimi, an official from PEDEC, told IN the negotiations were under way to let the beginning of work on developing the field. The National Iranian Oil Company has signed a 900 million dollar agreement with Petroiran for development of the field. The project is supposed to produce 220,000 barrels per day of crude. It is predicted that one billion barrels of additional crude would be produced in 25 years in this field.
News ID 79072

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