Tag Archives: Gas Field

Tehran says its new petrochemical ventures require over $70 billion in investments that should mostly come from foreign sources.

Till now Iran has not responded positively to the move of Pakistan seeking force majeure.

The other partners are oil majors Shell with 8.1 percent. Total with 3.7 percent and ConocoPhillips with 1.6 percent.

Absheron’s reserves are estimated at 350 billion cubic meters of gas and 45 million tons of condensate.

Sinopec said in March that it plans to boost Fuling'.s annual production capacity to 10 billion cubic meters from 7 billion cubic meters.

Crude oil production from South Pars is in a trial stage. but output can be increased to as much as 150.000 barrels per day in future.

Iran has struggled to expand oil exports after it sold all the oil it had stored for years at sea earlier this year.

Iran plans to increase its condensate production to reach 864.000 bpd within five years.

The UK urgently needs a bold energy transition plan. instead of trusting to dwindling fossil fuel reserves and possible fracking.

South Pars is a joint gas field shared by Iran and Qatar. The section of the field lying in the Qatari territory is called the North Dome.