Iranian firms turn the page with $20 billion gas deals

Iranian companies have signed contracts worth $20 billion to boost gas pressure at the giant South Pars (SP) field in the Persian Gulf, in a plan which is expected to generate $900 billion in revenue.

This is the most strategic project in the history of Iran’s oil and gas industry and its long-sought empowerment of domestic entities, under which 90 trillion cubic feet of gas and two billion barrels of gas condensates will be available for use.

Top Iranian companies Petropars, Oil Industries Engineering and Construction (OIEC), Khatam al-Anbiya Construction…