Global Business in Iran Database

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

Newsletter Signup
Critical Threats Quick Take List Signup
by admin | Thu, 2009-09-24 13:21
selected project

TPAO - Petropars, South Pars Gas Field Phases 22-24

view more projects

description

Turkey, in 2008, inked a $3.5 billion deal to develop South Pars Phases 22-24.  Turkey and TPAO, however, had not inked a final deal with Iran despite a deadline to do so in late 2009.   According to Iranian sources, in late April of 2010, a consortium made up of Khatam-al Anbiya and several other major Iranian companies will take over Turkey’s role in the project though Turkish foreign minister Ahmet Davutoğlu has denied the nation’s exit from South Pars. The reports of a Khatam take-over have been confirmed in late May of 2010, with the firm reportedly in the final stages of gaining complete control of these projects.

 

Status

  • Current Status:
  • Discussion Date: Thu, 2008-11-20
  • Contract Date:
  • Completion Date:

Citation

1. "Turkey to Invest $12 bln in Iran," Fars News Agency, November 20, 2008. http://english.farsnews.com/newstext.php?nn=8708300946.

2. "Turkey to invest $12 billion in Iran gas field," World Tribune, 25 November 2008. Available at http://www.worldtribune.com/worldtribune/WTARC/2008/me_oil0741_11_25.asp.

3. "Turkey invests $4b in South Pars gas field", Press TV, 27 October 2009, available at http://www.presstv.com/detail.aspx?id=109722&sectionid=351020103.

4. "Domestic consortium to replace Turkey in SP projects", Tehran Times, April 19, 2010, available at http://www.tehrantimes.com/index_View.asp?code=217810

5. "Turkey denies exit from South Pars gas field: Hürriyet", IranOilGas Network, April 21, 2010, available at http://www.iranoilgas.com/news/details2/?type=news&p=current&newsID=5671...

6. "Iran Guards poised to win 10-billion dollar energy contracts", Zawya, May 25, 2010, available at http://www.zawya.com/story.cfm/sidANA20100525T083852ZTNI20

All projects by Türkiye Petrolleri Anonim Ortaklığı (TPAO)