Under an unnannounced deal signed with National Iran Oil Company (NIOC) last October and now confirmed by Upstream, CNOOC will build facilities to liquefy the natural gas to be produced from the project.
However, the company is a novice to liquefaction technology and is trying to gather the internal resources to tackle the contract, rejecting foreign assistance.
While it currently operates three LNG import terminals, all the facilities have been designed by foreign companies so they have not contributed to CNOOC's technological expertise.
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