Global Business in Iran Database

In-depth metrics and analysis of Iran's international economic partnerships.

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Sonangol Group, South Pars Phase 12

description

Iran will award Angola's Sonangol Group a 20 percent stake in South Pars Phase 12, a $7.5 billion project that will produce natural gas, and LNG for the IRAN LNG project.  India's ONGC Videsh Ltd. and NPC will together hold a 40 percent stake in the project.

  • Country: Angola
  • Client: Petropars
  • Contractor: Sonangol Group
  • Amount (Current Dollar Value): 20 percent stake in $7.5 billion project

Status

  • Current Status:
  • Discussion Date: Tue, 2009-12-01
  • Contract Date:
  • Completion Date:

Citation

1. "India, Angola Cos to get Stake in South Pars Project”, Reuters, 1 December 2009, available at http://www.reuters.com/article/hotStocksNews/idUSNDEL00239520091201.

2. “Iran to limit Indian participation in South Pars Phase 12”, Zawya, 29 October 2009, available at http://www.zawya.com/Story.cfm/sidv52n42-3NC10/South%20Pars%206-8%20Gas%...

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