Tag Archives: China National Petroleum Corporation (CNPC)

The deal includes 30 wells and two production units.

Total signed a preliminary agreement. worth $4.8 billion late last year. to develop the natural gas field in collaboration with China National Petroleum Corp and state-owned Petropars Co. of Iran.

Gas exports to Iraq have begun at a rate of 7 million cubic meters per day and will eventually increase to 18 mcm d in two years.

Total had declared that the final decision on agreement with Iran depends on the extension of Iran’s sanctions relief by the US government.

Over 1.100 kilometers the gas pipeline to be completed by late 2017.

Tehran is looking to ramp up its crude output and with 37 billion barrels of oil.

According to BP’s Energy Outlook 2035. coal’s dominance in China’s energy mix will continue to decline. from 64 percent in 2015 to 42 percent in 2035.

The Azadegan field has oil-in-situ reserves of about 33.2 billion barrels and recoverable resources are estimated at about 5.2 billion barrels.

South Azadegan is believed to hold an in-place oil reserve of about 33.2 billion barrels.

Eurasia project involves the exploration of deep laying horizons of the Caspian Basin.