Gas Capacity

EghtesadOnline: The equipment needed in South Pars Phase 11 offshore venture, which is expected to be developed by China National Petroleum Corp and Iran’s state-owned firm Petropars, will cost $2.8 billion, chairman of the board of directors of Iranian Petroleum Industries Equipment Manufacturers Association said. "As per the deal, contractors are obliged to meet 51% of their requirements from domestic manufacturers before relying on foreign suppliers," Reza Padidar was also quoted as saying by ILNA on Saturday.

EghtesadOnline: Introducing the country's natural gas capacities by holding technical panels and exhibitions can be an effective way for attracting domestic and foreign investment in the lucrative industry.