Petro­bras Con­sid­er­ing In­volve­ment in South Pars Oil Pro­ject

Iran News - - FRONT PAGE -

TEHRAN (Dis­patches) - Petro­bras may as­sist Iran with devel­op­ment of the South Pars field oil layer in the Per­sian Gulf, ac­cord­ing to a re­port by news ser­vice Shana.

This fol­lows re­cent talks in Tehran be­tween Brazil’s Min­is­ter of Mines and En­ergy, Fer­nando Coelho Filho, and Iran’s Oil Min­is­ter, Bi­jan Zan­geneh.

Zan­geneh said Petro­bras would send a del­e­ga­tion of man­agers to Iran to dis­cuss devel­op­ment of the South Pars oil layer and co­op­er­a­tion in the Caspian Sea oil projects.

Petro­bras had the re­quired tech­nol­ogy to de­velop the oil layer, an Ira­nian of­fi­cial added, al­though at present it lacked the fi­nan­cial re­sources to do so.

Ear­lier this year Maersk Oil was in­volved in dis­cus­sions on the oil layer, but To­tal’s sub­se­quent de­ci­sion to ac­quire Maersk has led to a con­flict of in­ter­est, from Iran’s point of view, as To­tal has ma­jor in­ter­ests in pro­duc­ing fields of neigh­bor­ing Qatar.

The South Pars field ex­tends across the me­dian line into Qatari wa­ters, where it is known as the North field.

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