Thursday, December 27, 2007

Malaysia and Iran inks a USD16 Billion deal

SKS Ventures, headed by Mokhtar al-Bokhari signed a landmark USD16 billion deal with Iran's Pars Oil and Gas Company (POGC) to develop Golshan and Ferdows gas fields in southern Iran.

This would be the largest energy deal in Iran. Some $6 billion is for development of offshore and $10 billion for development of onshore gas fields for a period of 25 years.

Hopefully, SKS Ventures would be able to deliver well on this project and keep up the good name of Malaysia in Middle East. Hopefully, this would also trigger the ripple effects of even more investment from Malaysia there.

To read the full news, go to Associated Press

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