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2018-03-19 08:00:00

SOUTH PARS GAS DOUBLED

SOUTH PARS GAS DOUBLED

REUTERSIran has nearly doubled gas production at South Pars, the world's largest gas field, in the past year, Iranian President Hassan Rouhani said Sunday, according to state media.

Gas production at South Pars increased from 285 million cubic meters to 555 million cubic meters in the past Iranian calendar year, which started in late March 2017, Rouhani said, according to state media.

"We did not have the need to purchase gas from any country this year for them to try to be fickle or raise prices," Rouhani said.

Total signed a deal with Tehran last July to develop phase 11 of Iran's South Pars field with an initial investment of $1 billion. It was the first major Western energy investment in the Islamic Republic since sanctions related to Iran's nuclear-power program were lifted.

Total will be the operator with a 50.1 percent stake, alongside Chinese state-owned oil and gas company CNPC with 30 percent and National Iranian Oil Co subsidiary Petropars with 19.9 percent.

Separately, Iran's minister of industry, mine and trade, Mohammad Shariatmadari, said Sunday that the Islamic Republic has received 1.9 billion dollars in foreign investment since Rouhani began his second presidential term last August, according to state media.

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Earlier:

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2018, March, 7, 14:35:00

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IAEA - Iran is implementing its nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA), IAEA Director General Yukiya Amano told the Agency’s 35-member Board of Governors on Monday.

 

 U.S. SANCTIONS FOR IRAN
2018, February, 27, 13:35:00

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PLATTS - The Trump administration will not certify the Iran nuclear deal, US Vice President Mike Pence said Thursday, increasing the likelihood of re-imposition of US sanctions on international sales of Iranian crude.

 

 IRANIAN OIL UP BY 165 TBD
2018, February, 5, 07:40:00

IRANIAN OIL UP BY 165 TBD

SHANA - Iranian Minister of Petroleum Bijan Zangeneh says the country's petroleum output has increased by 165,000 b/d in the first 10 months of the current Iranian calendar year which began on March 21 compared to the same period last year.

 

 OIL PRICES & IRAN SANCTIONS
2018, January, 15, 09:50:00

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PLATTS - On Thursday, US Secretary of State Rex Tillerson told reporters that Trump would likely announce the decision in the afternoon in Washington. If that deal unravels, 800,000 b/d of Iranian crude exports would be at risk, according to analysts.

 

 U.S. - IRAN SANCTIONS
2018, January, 8, 19:25:00

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U.S.DT - "These sanctions target key entities involved in Iran's ballistic missile program, which the Iranian regime prioritizes over the economic well-being of the Iranian people. As the Iranian people suffer, their government and the IRGC fund foreign militants, terrorist groups, and human rights abuses," said Treasury Secretary Steven T. Mnuchin. "The United States will continue to decisively counter the Iranian regime's malign activity, including additional sanctions targeting human rights abuses. We will not hesitate to call out the regime's economic mismanagement, and diversion of significant resources to fund threatening missile systems at the expense of its citizenry."

 

 IRANIAN OIL EXPORTS 2017: 777 MB
2018, January, 5, 23:45:00

IRANIAN OIL EXPORTS 2017: 777 MB

IRNA - Iran exported some 777 million barrels of oil to Asian and European destinations in 2017, according to a report by the country's Ministry of Petroleum.

 

 СОТРУДНИЧЕСТВО ИРАНА И ГАЗПРОМА
2017, December, 15, 13:05:00

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GAZPROM - Alexey Miller and Ali Kardor, Iran’s Deputy Minister of Petroleum, CEO of National Iranian Oil Company, inked a Roadmap. Pursuant to the document, Gazprom will conduct a proof-of-concept study with regard to implementing integrated projects for hydrocarbon production, transmission and processing, including petrochemistry, in Iranian territory.

Tags: IRAN, SOUTH, PARS, GAS
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2018, October, 19, 10:45:00

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