The National Iranian Oil Company (NIOC) said the project will soon be offered to foreign investors under the terms of the new Iran Petroleum Contract (IPC) investment model.
The Oil Ministry’s Shana website last week described North Pars as a priority project.
The investment required to develop the field is estimated by officials at $16 billion, with $5 billion going for upstream development and $11 billion spent on construction of liquefaction facilities.
NIOC
