Iran, Italy sign Gas Deal

Italy’s Ansaldo Energia has signed a memorandum of understanding (MoU) with several subsidiaries of the National Iranian Oil Company (NIOC) for converting flare gas into electricity at the supergiant South Pars Gas Field.

In its first phase, the Italian company will produce 600 MW electricity and in the second phase about 1,000 MW electricity will be produced, according to IRNA.

(Sources: IRNA, Shana)

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