In an exclusive interview with Shana newswire, Mahmoud Zirakchianzade managing director of the National Iranian Offshore Oil Company (NIOOC) said: a delegation from the company is going to visit Tehran soon to finalize the negotiations.
Describing the negotiations desirable, Mr. Zirakchianzade noted talks are underway about the way of selling gas (in the form of LNG or natural gas) and other aspects related to the contract.
He said recently a delegation from NIOC's legal and contract department accompanied by a number of NIOOC's technical experts visited Europe to talk about the different aspects of the contract.
Mr. Zirakchianzade told Shana that next round of the talks will be held in Tehran before the end of the current Iranian calendar year on 20 March.
NIOOC's managing director went on to say that big part of the deal has been finalized during the European visit and the remaining, mainly related to executive works, is going to be pursued in Tehran talks.
Stating that the Lavan gas development plan will be one of the successful plans in the country, Mr. Zirakchianzade remarked that the two sides are very serious to finalize the deal.
Having said that under the contract, European side is committed to invest in the project, NIOOC' managing director noted that in place reserves of the field amounts to six trillion cubic meters and by launching the project, four million tons of LNG will be exported to Europe each year.
Lavan gas field is located in the southern part of Iran in the Persian Gulf.