Iran to invite bids for 14 oil and gas fields

Iran is preparing to offer 14 oil and gas fields for development, the Oil Ministry's official Shana news website reported on Saturday.

Iran, the Organization of the Petroleum Exporting Countries' second-biggest crude producer, will tender six new gas fields that will require a total investment of $4.1 billion through the Iran Central Oil Fields Co, Shana reported.

Once developed, the Mohktar, Asalooyeh, Gordan, Salkh, Kabir-Kooh and Koohmond fields will have a combined production capacity of 67 million cubic meters a day, Shana added.