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2017-03-22 18:55:00

IRAN STARTS GAS

IRAN STARTS GAS

SHANAIran announced it has started gas recovery from phase 20 development of the supergiant South Pars gas field (SP20) on Sunday.

Deputy Managing Director of the National Iranian Oil Company (NIOC) for Engineering and Development Affairs Gholam-Reza Manouchehri said gas and condensate recovery has started at 25 million cubic meters and 40,000 barrels per day, respectively from the phase.

The startup coincided with the anniversary of nationalization of oil industry in Iran on March 19.

The sour gas recovered from the phase is injected to the national gas distribution network after sweetening, he said.

Manouchehri said operation of the phase has brought Iran's gas condensate output to 690,000 barrels per day.

He also said that the total gas production from the gas field will reach 520 million cubic meters per day once production from SP19 is resumed and SP16 pipeline is ready for operation.

The official said inauguration of new South Pars projects means more natural gas will be supplied domestically and no imports will have to be made from Turkmenistan which halted its gas flow to northern Iranian provinces during winter.

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Earlier:

IMF NEEDS IRAN  

IRANIAN EXPORTS TO RUSSIA  

ATTRACTIVE IRAN  

IRAN - RUSSIA COOPERATION  

TOTAL & CNPC: IRANIAN DEAL

 

Tags: IRAN, GAS, SOUTH, PARS

Chronicle:

IRAN STARTS GAS
November, 15, 15:25:00

OIL PRICE: ABOVE $61 AGAIN

REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.

IRAN STARTS GAS
November, 15, 15:20:00

IEA COOLS THE MARKET

BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.

IRAN STARTS GAS
November, 15, 15:15:00

IEA: GLOBAL ENERGY DEMAND UP BY 30%

Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.

IRAN STARTS GAS
November, 15, 15:10:00

RUSSIA'S OIL EXPORTS UP

Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.

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