Iran News ...


01/19/08

India plans to take part in Kish gas project

TEHRAN, Jan. 19 (ISNA)-OVL Indian Company plans to sign an agreement with the Iranian Petro Pars company to participate in Kish's 30-billion dollar gas block project.

OVL as a branch of Indian oil and natural gas company has recently presented a report suggesting that there are a huge amount of gas reserves in Kish gas field.

Economic Times quoted some officials as saying OVL and Petro Pars companies demanded the Iranian national oil company to hand them over the responsibility of expanding Kish gas field.

This gas field has been said to enjoy 48 trillion cubic feet of gas.

An Iranian board led by the minister for economy and finance and Indian authorities discussed over India's investment in the project.

Economic Times also quoted some Iranian officials as saying the value of gas and liquid productions by Kish gas block is about 30 billion dollars.

... Payvand News - 01/19/08 ... --



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