Tag Archives: Gas Field

Iran has already started exporting gas to the Iraqi capital of Baghdad and it will begin exporting LNG to Basra in the coming months.

The Italian oil major may have hit another find comparable to its giant Zohr field offshore Egypt.

Subsidiaries of CNOOC. Hess Corp. Chevron Corp and Statoil ASA each have a 25-percent stake in the project. while Hess is the operator.

Iran met seven percent of Japan'.s oil demand in 2016.

Iran'.s gas production output from the joint field with Qatar will increase by 100 million cubic meters in the near future.

South Pars is being developed in 24 phases.

Reacting to the Total’s statement. Iranian Oil Minister Bijan Namdar Zanganeh said Total will lose all of its investment if it pulls out of the deal.

According to the report. the refiner shipped in about 21 percent less oil from Iran at about 134.000 bpd in 2017.

Iran is currently producing 4.5 million tons of ethane annually which will cross 6 mt y next year and 10 mt y by 2020.

Iran is currently in talks for signing 21 oil and gas contracts which will require an investment of 50 billion dollars by 2030 in the sector.