Gas Investing News » Crescent is awaiting response from Iran on new Gas Price

Crescent is awaiting response from Iran on new Gas Price

April 15, 2009 @ 2:41 am In Gas Company News

The United Arab Emirates-based Crescent Petroleum is awaiting a response from Iran's oil ministry on its proposed price hike on a gas export agreement.

Majid Hamid Jafar, the executive director of Crescent, stated:

The al-Halal oil company has agreed to a price higher than what had been previously announced, and has called on (Iran's) Oil Ministry to give its opinion on it.

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[1] here: http://uk.reuters.com/article/oilRpt/idUKKAL44103720090415