Iran signed a deal with France‘s Total on Tuesday to develop a major offshore gas field — its first big contract with a Western energy firm since sanctions were lifted in January. [Photo Report] Total will lead a consortium, which will also include China National Petroleum Corporation (CNPC) and Iran’s Petropars, to develop Phase 11…
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…
Deputy oil minister, while pointing to record high exports of 25 million liters of gas oil per day, said Europe has also begun importing the Iranian petroleum product. On the latest status of oil products exports, Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi said “for the first time in…
Armenia has moved one step closer to an ambitious plan to buy natural gas from Iran and sell it to Georgia. In a statement, Armenia’s Ministry of Energy, Infrastructure and Natural Resources said a memorandum of understanding (MoU) was signed recently to increase gas imports from Iran. The statement said that the MoU was signed…
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….
India and Iran aim to strike a deal by March to develop an Iranian gas field with estimated in-place reserves of 18.75 trillion cubic feet, the Indian government said in a statement on Wednesday. A consortium headed by ONGC Videsh Ltd (OVL), the overseas investment arm of Indian explorer Oil and Natural Gas Corp, discovered…
Iranian oil minister has announced that the country’s crude production will rise to 4.5 million barrels per day (bpd) in the current Iranian calendar year (began March 20). Speaking at the second oil and energy congress in Tehran, Oil Minister Bijan Zanganeh described priorities of the industry in the post-JCPOA era adding “crude production capacity…
Indonesia’s state-run energy giant Pertamina officially received a cargo of liquefied petroleum gas (LPG) from Iran on Thursday, marking Iran’s first shipment as a new supplier of LPG to Indonesia. Pertamina Managing Director Dwi Soetjipto welcomed the 44,000 metric tons of LPG transported from Asaluyeh Port in Iran by its VLGC Pertamina Gas 2 vessel,…
President of Middle-East & North-Africa Total Exploration & Production, Stephane Michel, said on Saturday that oil giants are in competition to come back to Iranian market. The Persian daily, Iran, quotes Michel as saying that in the wake of lifting the sanctions and implementation of the Joint Plan of Action (JCPOA), Iran’s international relations have…
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…
