Gas

A major new oil gas discovery. similar to the giant South Pars Gas Field. is unlikely to take place.

Rosneft is hoping to benefit from a similar attitude to sanctions imposed over Ukraine.

The share of crude is 2.265 million barrels per day and the remaining is related to gas condensates.

The five phases of the giant South Pars gas field (17. 18. 19. 20 and 21) will boost Iran’s daily gas output by 150 million cu m.

Qatar is a small but wealthy member of OPEC that generates most of its income from natural gas rather than crude oil.

The LNG plant is expected to be up and running according to schedule and reach the design capacity.

President Rouhani is on an official visit to Moscow at the invitation by his Russian counterpart Vladimir Putin.

Construction of the Turkmen section of TAPI was launched on Dec. 13. 2015.

Injecting gas into oil fields had a central role in Iran’s plans to increase its oil production.

The discovery of a huge natural gas deposit in Egyptian waters has boosted hopes of other such finds in the eastern Mediterranean.