Posts Tagged “gas”

Iran’s South Pars Gas Output Crosses 2.5m Barrels

Iran’s South Pars Gas Output Crosses 2.5m Barrels

Iran’s production of crude oil from the oil layer of the supergiant South Pars Gas Field (SPOL) has exceeded 2.5 million barrels. The country is planning to send the layer’s 5th oil consignment in the coming days, said Fardin Asadi, operator of SPOL’s development project. He said a 500,000-barrel crude oil consignment is being loaded…

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Iran signs $5b gas deal with Total+Photo-Video

Iran signs $5b gas deal with Total+Photo-Video

Iran signed a multibillion dollar deal on Monday with French oil giant Total and Chinese state oil company CNPC to further develop the country’s giant South Pars Gas Field in cooperation with Iran’s Petropars. The first major Western energy investment since sanctions against Tehran were lifted will cost up to $5 billion, with production expected…

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Iran’s NPC inks MoUs with four intl. firms

Iran’s NPC inks MoUs with four intl. firms

NPC Head Marzieh Shah-Daei said Memoranda of Understanding (MoUs) have been signed with four international companies following implementation of the Joint Comprehensive Plan of Action (JCPOA). Director of National Petrochemical Company (NPC) made the remarks on the sidelines of the 13th International Iran Petrochemical Forum (IPF 2017) on Saturday morning in Tehran. “The Iranian petchem…

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Iran inaugurates mega gas projects worth $20b+Photo

Iran inaugurates mega gas projects worth $20b+Photo

Iran’s President Hassan Rouhani inaugurated five new phases of the South Pars Gas Field on Sunday which were completed at a cost of $20 billion, local media reported. The inauguration of phases 17-21 paves the way for Iran to overtake neighboring Qatar in production from the offshore gas field which it shares with Iran, Iranian…

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Report: Iran to turn into ME ethane giant

Report: Iran to turn into ME ethane giant

With implementation of new South Pars phases, Iran’s ethane output will double as the country will be able to rival US in producing the main feedstock for petrochemical industry. Ethane remains as one of the world’s most strategic gas products which marks the main feedstock for petrochemical industries in various countries. A boost in ethane…

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Iran Recovering 27mcm/d gas from South Pars-21

Iran Recovering 27mcm/d gas from South Pars-21

The operator of phases 20 and 21 of the super giant South Pars Gas Field says phase 21’s platform is currently recovering 27 million cubic meters of natural gas per day, saying the platform is faced with no restrictions in supplying gas to onshore refining facilities. Alireza Ebadi said one third of the gas recovered…

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Iran authorizes 29 foreign firms for oil, gas tenders

Iran authorizes 29 foreign firms for oil, gas tenders

National Iranian Oil Company (NIOC) has affirmed adequacy of 29 international oil and gas companies willing to put in tenders for Iran’s upstream oil sector. NIOC intends to invite several rounds of tenders for a number of oil exploration & production (E&P) projects; accordingly, credible and qualified foreign E&P firms were asked to participate in…

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Iran increased oil and gas sales to Shell and BP

Iran increased oil and gas sales to Shell and BP

Iran has increased its sales of crude oil as well as gas condensates to global energy giants Shell and BP. Director for International Affairs of the National Iranian Oil Company (NIOC) Mohsen Qamsari was quoted by Press TV as saying that Shell and BP had purchased two to three consignments of oil from Iran over…

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Iran can supply gas to Europe via Georgia, Black Sea

Iran can supply gas to Europe via Georgia, Black Sea

Iran‘s gas can be exported to Europe via Georgia and the Black Sea in the near future, said head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA). According to Fars News Agency, Gholam-Hossein Shafeie noted, “Cooperation between the two countries (Iran and Armenia) is of special importance in energy security and in the…

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The new record registered in the South Pars gas production

The new record registered in the South Pars gas production

Managing Director of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam said on Tuesday that South Pars gas output has risen by 140 million cubic meters marking a record output growth. Meshkinfam said that since its operation in 1377 (1998-99) until end of (March 19, 2016) the last Iranian year of 1394 (2015-16), South Pars…

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