Iran, Qatar Jointly Develop Mobarak

Iran and Qatar have reached an agreement on the joint management of the Mobarak oilfield that is shared by Iran and the Persian Gulf state.

A joint platform has been built at Mobarak Oilfield around Iran?s Abu Musa Island and the two countries would take their share of the production from the joint field, Akbar Torkan, the managing director of Iran?s Pars Oil and Gas Company said.

Iran and Qatar are not competing over the marketing of their products from the field, Torkan said, adding that neither the Qatar nor us has intervened in each other?s respective marketing affairs, the Persian service of ISNA news agency quoted him as saying on Tuesday.