PetroVietnam will not invest in Iran Darkhovin oilfield

No agreement has been reached between the Vietnam Oil and Gas Group (PetroVietnam) and its Iranian partners concerning PetroVietnam’s investment in the Darkhovin oilfield.

PetroVietnam Deputy General Director Nguyen Quoc Thap emphasized this in response to rumours that PetroVietnam will invest US$1.2 billion in the Darkhovin oilfield, which was explored in 1965 and has a total production capacity of about 5 billion barrels of crude oil.

According to Thap, a year ago, Iran’s Petroleum Engineering and Development Company offered some development projects, including Darkhovin, to PetroVietnam Exploration Production (PVEP), a member of PetroVietnam. However, PVEP has not yet responded the offer.

PetroVietnam is currently investing in overseas projects such as the Nhenhetxky project in Russia and the block PM304 and block SK305 projects in Malaysia. – VOV

Tags: Darkhovin oilfield, PetroVietnam

Posted by VBN on Feb 21 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry