The National Iranian Offshore Oil Company (NIOC) expects to start supplying natural gas to Dana Gas shareholder Crescent Petroleum by September next year, ending a two-year delay, according to local media.
Iran’s state-owned IRNA news agency quoted NIOC managing director Mahmoud Zirakchianzadeh as saying supplies will start in the first half of Iran’s upcoming fiscal year.
The new fiscal year in Iran begins on 20 March.
“Following the installation of Salman field’s platform, the Crescent deal will take effect in the first half of next year,” Reuters quoted Zirakchianzadeh as telling IRNA.
Sharjah-based Crescent Petroleum, which helped found Dana Gas, will take delivery of the supplies after a delay from the middle of last year because of differences over pricing, the news agency said.
Dana Gas will process the fuel for distribution in the United Arab Emirates, it said.