Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
NIOC - SKS Group Natural Gas Development, Ferdousi and Golshan
description
Petrofield LNG, a subsidiary of the Malaysian SKS group signed contracts worth more than $14 billion. The deal includes the development of the Ferdousi and Golshan natural gas fields, as well as the contruction of a 20 million ton/annum LNG plant. This is the first time a Malaysian firm contracted for midstream activities. 120,000 barrels of crude are a part of the agreement. In September 2009, NIOC accused SKS of failing to meet its contract - SKS has been unable to secure a $10 billion loan from an unspecified Asian development bank.
Status
- Current Status:
- Discussion Date:
- Contract Date: Mon, 2008-12-01
- Completion Date:
Citation
1. "Iran and Malaysia Sign $14 Billion of Oil and Gas Cooperation Agreements," Pumps & Systems, December 1, 2008, available at: http://www.pump-zone.com/global-news/global-news/iran-and-malaysia-sign-....
2. "Iran and Malaysia Sign $14 Billion of Oil and Gas Cooperation Agreements", Developing 8, 3 December 2008, Available at http://www.developing8.org/2008/12/03/iran-malaysia-sign-14bn-gas-deals/.
3. "SKS fails to meet obligations: NIOC", Tehran Times, 24 September 2009, Available at http://www.tehrantimes.com/index_View.asp?code=203848.
All projects by SKS Group
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| SKS Group | SKS Ventures, Golshan and Ferdowsi Fields | $20 billion |
12/08/09 |
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| SKS Group | NIOC - SKS Group Natural Gas Development, Ferdousi and Golshan | $14 billion |
12/01/08 |
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