Gas

Iran has already built 900 kilometers of the pipeline on its own soil and is waiting for the 700-kilometer Pakistani side of the pipeline to be constructed.

TAP’s shareholding is comprised of BP (20 percent). SOCAR (20 percent). Snam S.p.A. (20 percent). Fluxys (19 percent). Enagás (16 percent) and Axpo (5 percent).

South Pars is a joint gas field shared by Iran and Qatar. The section of the field lying in the Qatari territory is called the North Dome.

Liquified natural gas imports will be limited to 80 shipments worth $1.8 billion in 2017 18 in anticipation of Zhor'.s completion by late 2017.

In fiscal 2016-17. gas production from South Pars increased to 520 mcm d. up more than 150 mcm d compared with the previous year.

The sustained growth in demand is not expected to result in surging prices as forecast for LNG supply is higher until 2024.

The development of Phase 13 involves drilling 38 production wells.

Ethanol in gasoline is an ideal alternative to fossil fuel.

The US is especially concerned over the Nord Stream 2 project and has been strictly opposing its implementation.

NIOC plans to employ enhanced oil recovery methods to boost the extraction rate in fields by 35%.