Iran Press/ Iran news: In 2001, Crescent Petroleum signed a deal to import natural gas from Iran's offshore Salman field through a pipeline jointly built by Iran and Crescent.
In 2005, Crescent became the cornerstone investor in Dh6 billion Dana Gas, the region's first private-sector gas processing and distribution firm, listed on the Abu Dhabi Stock Market.
According to Shana, the Iranian Oil Ministry had a contract with Crescent Petroleum Co. in 2010 to export natural gas to the UAE, but the agreement was abruptly canceled after disclosing the corruption involved in the deal.
Speaking to reporters on the sidelines of the opening ceremony of the Oil Industry Innovation and Technology Park on Monday, Bijan Namdar Zangeneh responded to a question about the comments of some presidential candidates on the issue of increasing gasoline prices, saying: “Gasoline prices increase in line with the decision of the leaders of the three powers.”
The Iranian oil minister further mentioned the inauguration of the Oil Industry Innovation and Technology Park and the signing of several agreements with the Ministry of Science and universities, adding: "There is a great capacity to develop knowledge-based activities in the oil industry, which I hope will be used well in the future."
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