By OGJ editors
HOUSTON, Sept. 28 -- Five international oil consortia, including Royal Dutch/Shell Group, Total SA, Statoil ASA, Norsk Hydro AS, and Repsol YPF SA, have submitted bids for developing Iran's Yadavaran oil field, OPEC News Agency reported.
Seyed Mehdi Hosseini, managing director of National Iranian Oil Co., said NIOC also is negotiating LNG purchase-marketing deals with three groups from India, China, and Spain in exchange for 20% shares in the Yadavaran development project, said Hosseini.
The companies, which would not be involved in operations, would obtain the share in investment, costs, and interests of the contracts, in exchange for purchasing 5 million tonnes/year of LNG, OPECNA reported.
