Yadavaran Field

[1] On October 29, 2004, Iran negotiated a $70 billion deal with Sinopec, giving the Chinese company a 51% stake in the field's development.

As part of the deal, China agreed to buy 10 million metric tons of liquefied natural gas (LNG) from Iran per annum for 25 years.

[2] In December 2007, NIOC and Sinopec signed the final agreement for development of Yadavaran oil field.

The most significant revision in terms from earlier versions is that the partners will only agree the target capital cost of the development following receipt of construction tender submissions.

The oil field is currently at an early production of 16,000 bbl/d (2,500 m3/d) after 16 months development by the Chinese contractor.