Nex Systems
Company

InterOil Corp

Trade risk

Papua New Guinea.

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Summary

"InterOil Corporation, an independent oil and gas firm based in Papua New Guinea, has signed a memorandum of understanding with Pars Special Economic Energy Zone and Petropars Ltd. to develop a major oil production zone in southern Iran. The agreement is aimed at determining the feasibility of establishing Pars 3, an expansive area of 16,000-hectares in Bushehr Province, which will incorporate all infrastructures for offshore and onshore crude exploration, production and export, Shana reported." (June 11, 2016) (https://financialtribune.com/articles/energy/43289/interoil-signs-mou-to-build-oil-production-zone-in-iran)

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