Tag Archives: Gas Field

The investment includes $5.8 billion for developing Farzad B and another $5 billion to build a facility to liquefy the gas and export it as liquefied natural gas (LNG).

Tehran has signed a raft of agreements with the likes of Eni. Shell. Schlumberger. Lukoil. Wintershall and OMV to study and potentially develop its massive oil and gas deposits.

Based on the agreement. the French company would cooperate with Iran'.s Samin Sazeh over the project.

The Russian state-run oil giant said the cost of its acquisition is $1.125 bn.

Algeria awarded only four of 31 oil and gas field blocks on offer to foreign consortiums in 2014

Several other foreign companies have been invited for South Pars oil venture but none have given a decisive answer.

According to Zanganeh. Tehran aims to sign 10 new oil deals by the end of the current fiscal year (March 20. 2018).

Iran is currently producing about 880 million cubic meters a day of natural gas.

Azar oilfield in Ilam Province has pumped over 4.5 million barrels of crude oil since it went into operation.

The country is aiming to raise oil output to around 4 million bpd by the end of the year and 4.5 million bpd within five years from around 3.8 million bpd in recent months.