Iran, China, and Malaysia will reach an agreement on the development of the Ressalat oilfield in the near future, said the managing director of the Iranian Offshore Oil Company (IOOC) here on Saturday.
Talking to MNA, Mahmud Zirakchianzadeh added that “once the talks on the field’s development yielded results, we will sign a contract.”

The field’s output is estimated at 7-8 thousand barrels per day which will reach 46,000 barrels after the development plan, he elaborated.

Shifting to gas export to the United Arab Emirates (UAE) from Salman gas filed, the official said, “We are negotiating with the target country on the price.”

He said that Oman has also shown its eagerness to purchase gas.

(Tehran Times)