Iranian firms sign $900m deal to develop offshore gas field

TEHRAN - Iranian Offshore Engineering and Construction Company (IOEC) and Pars Oil and Gas Company (POGC) signed a deal worth $900 million on Saturday to cooperate in developing the country’s Kish gas field, Shana reported.

By Ebrahim Fallahi

South Pars oil layer output to increase 10,000 bpd

TEHRAN - Managing Director of Iranian Offshore Engineering and Construction Company (IOEC) Mohammadreza Zahiri said that production from South Pars oil layer, which is located in the country’s giant South Pars gas field, is going to increase by 10,000 barrels per day (bpd), Shana reported.