Source AP ©

Iran, Malaysia to develope gas fields, state-run television says

A 16 billion dollars (11 billion euros) agreement to develop two Iranian gas fields was signed by Iran and Malaysia, state-run television reported Wednesday.

According to the contract, signed by Iran's Pars Oil and Gas Company (POGC) and Malaysia's SKS Ventures on Wednesday, Iran’s Golshan and Ferdows gas fields will be developed.

Iran's Oil Minister, Gholam Hossein Nozari, said the deal was a vindication of his country's efforts to counter pressures to isolate Iran.

Iran ranks second in the world in natural gas reserves.

Comments
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Putin sets Merkel against Trump. She doesn't mind
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Putin sets Merkel against Trump. She doesn't mind
Putin sets Merkel against Trump. She doesn't mind
Ukraine dreams of what it can do to Crimea after winning war with Russia
US-Russian confrontation: War is peace, freedom is slavery
Default more likely to hit American, rather than Russian economy
Russia refuses to build helicopter carriers, but considers aircraft carriers
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Terrorists attack police officers in Chechnya in a series of poorly prepared acts
Russia Must Die - The Deep State has Spoken
Oil prices may fall as USA saves record oil reserves
Putin sets Merkel against Trump. She doesn't mind
US-Russian confrontation: War is peace, freedom is slavery
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Israel makes final warning to Iran