Norwegian oil company headed towards big Iranian deal

Norwegian oil and gas company Hemla Vantage is allegedly close to sealing a USD 600 million contract with an Iranian company. The project will focus on LNG and LPG export and be one of the first major gas deals in Iran since sanctions were lifted, report several media.

Photo: Vahid Salemi/AP/POLFOTO

A somewhat unknown Norwegian oil and gas company named Hemla Vantage looks on track to settle a giant deal for a new joint venture with Iran's Kharg Petrochemical Company (KPC).

The deal will supposedly be worth a total of USD 600 million and handle the export of LNG and LPG from Iran, write media sources including Financial Times and Norwegian newspaper Dagens Næringsliv.

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