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Iran signed a $900 million contract with Iranian Offshore Engineering and Construction Co (IOEC) to develop the first phase of its Kish offshore gas field in the Gulf. Under the contract, IOEC will launch production of 28 million cubic meters per day of gas in 14 months, which will be sent to installations in Asalouyeh on Iran’s Gulf coast via a 210 km undersea pipeline.

Iran signs $900 milllion deal with local firm to develop Kish offshore gas field

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Iran signed a $900 million contract with Iranian Offshore Engineering and Construction Co (IOEC) to develop the first phase of its Kish offshore gas field in the Gulf. Under the contract, IOEC will launch production of 28 million cubic meters per day of gas in 14 months, which will be sent to installations in Asalouyeh on Iran’s Gulf coast via a 210 km undersea pipeline.

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