Hurriyet: Iran to offer three gas fields for investment at London conference

Iran will offer three gas fields to foreign investors at a conference in London later this year, an Iranian official said on Aug. 26.

Development of North Pars, Golshan and Ferdowsi gas fields will be offered to investors at the upcoming London conference where Iran is due to unveil its new contract model, managing director of Pars Oil and Gas Company (POGC) said, according to Shana, the oil ministry’s news agency.

North Pars off-shore gas field covers an area of 25 square km and holds 57.1 trillion cubic meters of sour gas, while Golshan gas field is located south of Iran and is expected to produce 2 billion cubic feet of gas once it is fully developed, Shana said. Ferdowsi is also off-shore gas field.

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