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2015-12-14 19:55:00

IRAN & INDIA CONTRACT: $3 BLN

IRAN & INDIA CONTRACT: $3 BLN

Iran has agreed a $3 billion contract with a consortium of Indian companies to develop the Farzad B gas field in the Persian Gulf, according to the Mehr news agency.

Saeed Hafezi, the director of the Falat Ghare oil company, said the lifting of sanctions means the consortium can resume development, according to Mehr.

The managing director of ONGC Videsh, the Indian company heading the partnership, said they had not yet been notified about the development.

"We have not received any communication from Iran on granting us the development rights," N.K. Verma told Reuters.

Verma said that ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp, had visited Iran recently and that, under the proposal submitted by the Indian companies, the first phase of development of the Farzad B gas field would cost around $3 billion.

The goal of developing the first phase is to produce one billion cubic feet of natural gas each day, Hafezi said in the interview with Mehr.

The agreement between Iran and six world powers last July has cleared the way for an easing of sanctions, raising prospects for the gas field that is estimated to hold initial in-place reserves of 12.5 trillion cubic feet, with a lifetime of 30 years.

reuters.com

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More: 

INDIAN INVESTMENTS: $10 BLN 

INDIAN INVESTMENTS TO IRAN: $15 BLN 

IRAN NEEDS $100 BLN

 

 

 

Tags: IRAN, INDIA, GAS

Chronicle:

IRAN & INDIA CONTRACT: $3 BLN
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

IRAN & INDIA CONTRACT: $3 BLN
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

IRAN & INDIA CONTRACT: $3 BLN
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

IRAN & INDIA CONTRACT: $3 BLN
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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