Gas

Iran exported 24 million barrels of gas condensates to the European and Asian countries in January.

Total plans to sign a contract if Iran respects an international nuclear treaty and if the US sticks to it.

The amount of the country’s gas production has increased tremendously in the past three years.

Iran and Kuwait are taking steps to reach an understanding to develop Arash Gas Field in the Persian Gulf.

Commitments in the energy sector include Pertaminas plan to invest there as well as gas imports.

The President is slated to attend the groundbreaking ceremony for the project during the provincial visit.

Parts of the exported gas are due to be transferred to the target markets after being turned into the liquefied natural gas (LNG).

The first phase of Setareh Khalij Fars (Persian Gulf’s Star) Natural Gas Condensate Refinery will be tapped in near future.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

13 new oil and gas fields have been discovered which contain 6.5 billion barrels of oil and about 62 trillion cubic feet of gas.