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Iran awards $17 billion in contracts to boost gas recovery in South Pars, a major gas field.
Iran awarded $17 billion in contracts to local companies for a project to boost gas recovery in the South Pars gas field, aiming to increase production from 54% to 75%.
This field, one of the world's largest, supplies 70% of Iran's natural gas and 40% of its gasoline feedstock.
The project, expected to start in 2030, aims to extend the field's lifespan by 20 years, potentially generating $780 billion in new revenue.
It will also create around 67,000 jobs.
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Irán otorga $17 mil millones en contratos para impulsar la recuperación de gas en South Pars, un importante campo de gas.