Iran and an international consortium led by the French energy giant Total SA has signed the agreement in principle to develop phase 11 of the giant South Pars gas field. The 4.8 billion-dollar deal signed under the Islamic Republic’s new oil-contract framework is the first major agreement reached between Tehran and foreign energy companies following…
Iran will sign a deal with France‘s Total today for the development of gas production at a major offshore field in the Persian Gulf, the Iranian Oil Ministry said. The Heads of Agreement (HOA) for the development of Phase 11 of the important South Pars field is worth $6 billion (5.4 billion euros), a ministry…
Gas extraction capacity from South Pars Gas Field will increase by five billion cubic feet per day once 10 platforms of the field become operational, announced the managing director of South Pars Oil and Gas Company (POGC). Mohammad Meshkinfam further said that such an output will bring in $25 million for the country, Shana reported….
A 2,600-ton platform of the phase 20 of the South Pars oil field with the capacity of refining one billion cubic foot of gas is leaving the Khorramshahr yard, on October 31, 2016, to be carried to the place where it has to be finally launched. About South Pars oil and gas field South Pars…
Time has been ticking for South Pars 19th phase since the construction phase and now it would contribute to national gas production a hefty amount of 14 million cubic meters daily. Pars Oil and Gas Co. public relations office informed Mehr News on Tuesday that only days had to be elapsed so that the 19th…
An official has said more than 76 million barrels of gas condensate have been exported from South Pars phases in the current Iranian year (began March 20). Masoud Hassani, Managing Director of South Pars Gas Complex, referred to the latest status of gas condensate production and exports at South Pars phases explaining “in the first…
Deputy oil minister said Total S.A. Company has put forward a proposal to cooperate in development of Phase 11 of South Pars gas field. Ali Kardor made the remarks underlining that two more foreign firms have also voiced readiness to launch partnership in the gas project. Managing director of National Iranian Oil Company (NIOC) emphasized…
