Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
Iran - European Partner to Develop Lavan Gas Field
description
The Iranian Offshore Oil Company is in late-stage talks with a European company to develop the Lavan Gas Field in Southern Iran. The deal is worth an estimated $4 billion. Iran expected the deal as early as October 2009. The company's identity is unknown. On 20 October 2009, Shana announced that the European firm had received state permits and that an Iranian firm would be in Europe to sign the deal shortly. On 8 March 2010 the technical and investment aspects of the deal were finalzed with the next round of talks to be held in Tehran before 20 March. If signed to develop LNG facilities at Lavan, 4 million tonnes of LNG are expected to be exported to Europe.
- Client: Iranian Offshore Oil Company (IOOC)
- Amount (Current Dollar Value): $4 billion
Status
- Current Status:
- Discussion Date: Tue, 2009-08-04
- Contract Date:
- Completion Date:
Citation
1. "IOOC: European Company Interested in $4 Billion Lavan Gas
Project." Zeus Development. 14 August 2009. Available at https://www.zeusdevelopment.com/secure/upstream/images/ZGMR0818-sample.pdf.
2. "European firm to develop Iran gas field," Press TV, April 8, 2009, available at http://www.presstv.ir/detail.aspx?id=90825§ionid=351020103.
3. "Iran Expects to Sign Big Gas Deal with European Firm." Fars News Agency. October 21, 2008. Available at http://english.farsnews.com/newstext.php?nn=8707301468.
4. "Finalization of Iranian LNG Exports with European Company", Shana, 20 October 2009, Available at http://shana.ir/147818-en.html.
5. "A European Country to Develop Lavan Gas Field", Shana, 8 March 2010, Available at http://www.shana.ir/152348-en.html
6. “Public Relations Office of Petroleum Ministry Inadvertently Reveals Name of Polish Firm”, Tehran Siyasat-e Ruz, February 22, 2010, available at WNC