Tag Archives: China National Petroleum Corporation (CNPC)

The Yamal LNG terminal. which plans to have an output capacity of around 16.5 million tons per year. is expected to be operational by 2018.

The BP head said that the company would spend $15 billion in projects this year. and in 2018 and 2019.

The deal with Total increases Iran'.s energy security and is likely to encourage other foreign companies to invest in Iran.

Total holds a 50.1 interest in the South Pars project with state-owned China National Petroleum Corporation owning 30 percent and Iran’s Petropars 19.9 percent.

France'.s Total signed a deal earlier this month to help Iran increase gas output from the giant South Pars gas field. which the country shares with Qatar.

Iran’s annual petrochemical production capacity stands at 62 million tons and by the end of this year.

The new pipeline. dubbed the ".Power of Siberia".. has a planned annual capacity of 38 billion cubic meters.

In the time since the nuclear deal. Iran has seen success in other business ventures.

ONGC Videsh and Indian Oil each own 40 percent interest in the Farsi block that holds Farzad-B field. while Oil India has 20 percent.

This contract will send a strong political message to the world especially at the time that the Americans have adopted a confrontational course (against Iran).