Iran To Begin Development Of Oilfield Bordering Saudi Arabia
TEHRAN, Aug 22 (NNN-IRNA) – A senior executive of the Iranian Offshore Oil Company said, his country planned to start developing the offshore Esfandiar oilfield in Iran, that is connected to a Saudi oilfield, Iran’s Tasnim news agency reported yesterday.
Alireza Mehdizadeh, the company’s CEO, said Saturday, the first phase of the development project, in the Esfandiar field in Iran, which is connected to Saudi Arabia’s Lulu field, will be implemented in the next three years, according to the report.