“After CNPCI was ousted, a progress rate of 11.7 percent in one year was recorded, which used to be only 9 percent under the foreign contractor’s two years of operation,” said Mahmoud Marashi, an official in the Petroleum Engineering and Development Company (PEDEC).
The Chinese contractor CNPCI was ousted from the 2.5 billion dollar project to develop the field after failing in timely rendering of its undertakings despite of the passage of four years.(…)
Earlier, Marashi said Iran has no plan, for the moment, to delegate development of the oil field to foreign contractors. “Domestic firms are busy with the projects. We will do our best to achieve the three-year target of 320 thousand barrel a day.”