Three giant oil companies from Europe, China and an Arab country have applied for making investments in a semi-finished liquefied natural gas (LNG) project in Iran.
"Some of these companies have offered their prices for purchasing Iran's share in the project and some are due to do so," an informed source told FNA on Tuesday.
He said that the National Iranian Oil Company has spent a lot on the project but there is still a lot of job left to be done for its completion that will be supplied via attracting foreign investments.
The Source elaborated that it would take two years for the project to be completed from the time it is funded.
Iran, which sits on the world's second largest natural gas reserves after Russia, is making efforts to raise its gas production by increasing foreign and domestic investments, specially in South Pars gas field.
Less than a month ago, a French company put forward a proposal for purchasing associated petroleum gas (APG) of Forouzan oil field flares and converting it into liquefied natural gas (LNG).
"A small French company, in cooperation with its Iranian partners, has offered the National Iranian Oil Company (NIOC) on buying the APG of FZ-A platform in Forouzan oil field and convert it into LNG," Bijan Namdar Zanganeh said in a televised program in August.
"In case the NIOC accepts the French proposal, 25 percent of the total APG in Iranian Southern oil fields will be managed," the minister said.