Crescent Petroleum, the Sharjah oil and gas company, is seeking to develop part of Iran’s biggest gasfield.
The privately held company, already a partner in a project to import gas to the UAE from another Iranian offshore field, said it was ready to invest extensively in Iran’s South Pars gasfield, according to the Iranian oil ministry’s official Shana news website, citing Hamid Zaheri, the branch manager for Crescent in Tehran.
“If the oil ministry accepts this suggestion, we are ready to begin negotiations over the development of some of the phases of the South Pars field,” Mr Zaheri said.
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