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Iran to Develop Gas Fileds with Malaysia

Iran signed a US$16 billion gas development deal with Malaysian group

Iran to Develop Gas Fileds with Malaysia

Iran signed a US$16 billion gas development deal with Malaysian group SKS on Wednesday after reaching a preliminary agreement almost a year ago.

Iranian officials were not immediately available for comment on the agreement, the kind of energy deal that the United States has been trying to prevent.

"The contract for a plan to develop the Golshan and Ferdows gas fields was signed today between Pars Oil and Gas Company, as a representative of the National Iranian Oil Company, and Malaysia's SKS Ventures," the official Iranian news agency said.

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