Oct 11 2011 |
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Gazprom out of Azar project
Russia's Gazprom Company has been dropped from the Azar oilfield development project and will be replaced by a consortium of Iranian companies, said the Managing Director of the National Iranian Oil Company (NIOC)."Domestic contractors whose names will be announced soon will form a consortium for the (development of) the field," said Ahmad Qale'bani.
He added that Gazprom had failed to meet its commitments for developing the field which is shared with Iraq and did not heed the numerous warnings it received from NIOC, Fars News Agency reported.
"The decision was reached to end cooperation with the company in Azar oilfield and reassign the project to domestic contractors," he noted. Gazprom earlier claimed that it had received no warnings from NIOC and had been given time to finish the project.
Azar oilfield extends over an area of 482 square kilometers in the southeastern city of Mehran in the western Iranian province of Ilam.
The field has seven development wells which are expected to yield around 65,000 barrels of crude oil per day.
Iran shares oil and gas fields with most of its neighbors in the Persian Gulf region.
In July, Iranian energy officials said that as much as 35 percent of the country's energy development budget would be channeled to the development of joint oilfields.
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