Tag Archives: Gas Field

Liquified natural gas imports will be limited to 80 shipments worth $1.8 billion in 2017 18 in anticipation of Zhor'.s completion by late 2017.

In fiscal 2016-17. gas production from South Pars increased to 520 mcm d. up more than 150 mcm d compared with the previous year.

In the newly signed contract. Azerbaijan’s share of the oil will be 75 per cent. and bonus payments by foreign investors will reach $3.6 billion.

The development of Phase 13 involves drilling 38 production wells.

Shell submitted a proposal for developing Azadegan and Yadavaran oilfields south of Iran last month.

Iran has been producing around 3.8 million bpd of oil in recent months.

Oil exports are expected to reach up to 2.5 million bpd within five years.

Based on the agreement signed on Wednesday. Sofregaz will cooperate with Iran'.s Samin Sazeh over the project.

The cooperation of non-OPEC countries. in particular Russia. is good in the deal to reduce oil supply.

The projct takes two years to be implemented. and and it needs six months to be handed over to the Iranian experts.