Gas

Iran has made an important offshore gas discovery in its southern region. according to a report on Wednesday.

Qatar is expanding the North Field in its drive to boost gas output to 110 million tons per year by 2024 from about 77 million currently.

The course was held in the framework of cooperation between Iran and Iraq in the field of the petroleum industry.

Iranian Oil Minister Bijan Zangeneh proposed energy suppliers to try to increase the share of natural gas to 30 percent in the world energy mix by 2040.

Iranian Oil Minister Bijan Zangeneh at the Russian Energy Week panel. while stressing depoliticization of energy sector. proposed setting the goal of achieving 30% share of natural gas in the world energy mix by 2040.

The Iranian Minister of Petroleum said that the country would launch Bidboland Persian Gulf Gas Refinery by the end of the current calendar year (March 19. 2020).

About 70 percent of LNG contracts are oil-indexed. with the rest geared to gas.

Syrian Minister of Petroleum and Mineral Resources Ali Ghanem said his country is determined to enhance mutual cooperation with Iran in diverse areas of oil. gas and petrochemical industries.

Under the 15-year contract. US LNG will be delivered from Freeport LNG terminal or Calcasieu Pass.

Syrian Minister of Petroleum and Mineral Resources Ali Ghanem said that self-sufficiency has been one of the positive aspects of the US imposed sanctions on Iran.