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2019-03-13 11:00:00

IRAN'S GAS WILL UP

IRAN'S GAS WILL UP

REUTERS - Iran is to launch four new phases at South Pars, the world's largest gas field, with a production capacity of up to 110 million cubic meters per day, the oil ministry said on Twitter on Tuesday.

No additional information was provided on when the four phases would be launched.

Oil Minister Bijan Zanganeh told state TV last month that Iran's gas production at South Pars had hit 610 million cubic meters per day.

The offshore field is shared between Iran and Qatar, which calls it North Field.

Iran's daily gas production from the field now exceeds that of Qatar, Zanganeh said last month.

The oil ministry's news agency SHANA quoted a project manager in South Pars phase 13 as saying on Tuesday that a gas refinery in the field was fully operational and ready to be inaugurated by President Hassan Rouhani.

"The refinery of the phase is fully operational ... The first shipping of gas condensate from phase 13 was delivered on March 11 for export," said Payam Motamed, operator of the South Pars phase 13 project, adding that the refinery had the capacity to process 56.6 million cubic meters of gas a day.

He said around $5 billion was invested for the development of the field's phase 13 and that the value of the daily products from it was $5 million.

Iran needs foreign investment to boost output from its oil and gas reserves because production has been crippled by years of Western sanctions.

A manager at National Iranian Oil Co (NIOC) said on Tuesday there were 200 undeveloped oil and gas fields in Iran.

"The recovery rate of Iranian fields is 10 percent lower than the average rate of recovery in the world," Karim Zobeidi, NIOC's deputy for planning, was quoted as saying by SHANA.

The chief executive of NIOC, Masoud Karbasian, was also quoted as saying by SHANA that the company would issue 20 billion rials ($476,000) of fixed-rate (Manfa'at) bonds on March 13.

The bonds will help finance the development of NIOC's oil and gas projects, Karbasian said, and be sold at Fara Bourse, an over-the-counter market for securities in Tehran.

France's Total and China National Petroleum Corp suspended investment in South Pars last year after the United States threatened to impose sanctions on companies that do business in Iran.

The United States reimposed sanctions on Iran's energy and banking sectors after Washington withdrew from a 2015 nuclear agreement between Tehran and world powers.

The agreement had imposed limits on Iran's nuclear ambitions in exchange for sanctions relief.

(1 U.S. dollar = 42,000 rials)

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Earlier:

 

 W.Asia
2019, February, 15, 12:35:00

ПРОЕКТЫ ИРАНА И РОССИИ

МИНЭНЕРГО РОССИИ - особое внимание уделяется реализации проекта АЭС «Бушер», строительству международного транспортного коридора «Север – Юг», а также межрегиональному сотрудничеству.

 
 W.Asia
2019, February, 8, 11:25:00

IRAN'S GAS PRODUCTION UP

SHANA - Zangeneh said Iran had outdone Qatar in recovery from the giant offshore South Pars gas field and surpassed Iraq in production from jointly owned oil reservoirs.

 
 W.Asia
2019, January, 14, 11:55:00

IRAN'S OIL FOR INDIA DOWN 41%

REUTERS - India’s oil imports from Iran fell by 41 percent in December to 302,000 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, as pressure from U.S. sanctions took effect.

 
 W.Asia
2018, December, 26, 07:15:00

IRAN'S BUDGET $47 BLN

AN - Rouhani gave the value of the draft budget at about 4,700 trillion rials for the next Iranian year which starts on March 21, 2019 He said US sanctions would affect Iranians’ lives and growth but not bring the government to its knees

 
 W.Asia
2018, December, 17, 10:20:00

IRAN'S OIL FOR S.KOREA: ZERO

PLATTS - South Korea imported no Iranian crude in November for a third straight month due to the re-imposition of US sanctions on Tehran, according to preliminary data released by the Korea Customs Service on Monday.

 
 W.Asia
2018, December, 12, 08:55:00

IRAN SANCTIONS AGAIN

AN - US Energy Secretary Rick Perry said on Tuesday he had discussed his country’s sanctions against Iran with Iraqi energy officials and signalled an intention to step up US private sector investment in Iraq.

 
 W.Asia
2018, December, 7, 08:20:00

IRANIAN OIL PRICE: $60 - $70

SHANA - Asked about potential OPEC production cuts, Mr. Zangeneh said, “Different figures are proposed and we must wait and see what decision OPEC members will make.” He also said that $60 to $70 dollars per barrel would be reasonable for crude oil.

 

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Tags: IRAN, GAS, SOUTH PARS

Chronicle:

IRAN'S GAS WILL UP
2019, March, 20, 10:50:00

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IRAN'S GAS WILL UP
2019, March, 20, 10:45:00

РУССКИЙ ГАЗ ДЛЯ СЕРБИИ

В 2018 году «Газпром» поставил в Сербию 2,15 млрд куб. м газа — на 1,2% больше чем в 2017 году (2,12 млрд куб. м).

IRAN'S GAS WILL UP
2019, March, 20, 10:40:00

EUROPE'S GAS SECURITY

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IRAN'S GAS WILL UP
2019, March, 20, 10:35:00

S.KOREA'S LNG WILL UP

The South Korean government Tuesday gave its final approval to lower taxes on LNG used for power production by 75%, and raise those on thermal coal by 28% from April 1, in a move likely to boost downstream gas consumption.

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