Tag Archives: Gas Field

An average of $34.1 billion per year in capital expenditure will be spent on 1.673 oil and gas fields in Russia between 2018 and 2020. according to GlobalData. a leading data and analytics company.

South Pars is the world'.s largest gas reservoir in the Persian Gulf shared between Iran and Qatar.

An estimated 3.500 MW in new electricity production capacity will be added to the national power grid by the summer of next year.

BP completed seven major projects this year. in Egypt. Trinidad and Tobago. Oman. Australia and in the North Sea.

International trading firms Petredec and Glencore lifted cargoes from Iranian ports in December.

The field holds an estimated 51 trillion cubic meters of gas and some 50 billion barrels of gas condensate.

Tehran and Baghdad signed a deal on the exports of natural gas from the giant South Pars Gas Field in 2013.

Iran. as the largest natural gas reserves holder in the world. has a high capacity for natural gas production and exports.

Egypt and Cyprus have in the last three years aimed at forging closer ties as part of a relationship built largely on energy cooperation.

Iran has been ramping up crude oil production to win back its market share since sanctions were lifted in January 2016 under a nuclear accord with P5+1.