France’s Total signed a deal with Tehran last month to develop phase 11 of South Pars.
Read More »Foreign Countries in Talks to Develop Farzad-B Gas Field
In the meantime. other foreign companies are welcome to discuss their interest in the gas field.
Read More »South Pars Field Supplies 65% of Iran’s Total Gas Consumption
It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.
Read More »Oil Min: Foreign Finance Crux of Oil Industry Development
The average rate of recovery from Iranian oilfields is expected to reach 40% from around 25%.
Read More »Iran Parliament Clears Oil. Foreign Ministers for Rouhani`s New Cabinet
Oil Minister Bijan Zanganeh has been credited with the boost in Iran'.s crude output since many global sanctions were lifted last year.
Read More »Statoil Receives Consent for Exploration Drilling at Gina Krog
Exploration well 15 6-14 S. which Statoil has now received consent to drill. is to be drilled as a sidetrack from existing well 15 6-B-2.
Read More »Turkey`s Unit International Signs $7bn Deal to Develop Gas and Oil Fields in Iran
According to Unit. the production expected from the unnamed Iranian gas field is 1.5 times the 50 billion cubic meters of gas imported each year by Turkey.
Read More »Oil Minister`s Priorities for 2017-21 Indicated
Iran produces around 880 million cubic meters of gas a day. two-thirds of which come from South Pars.
Read More »SOCAR. LUKOIL Eager to Acquire Assets in Turkish Market
LUKOIL owns a 10-percent stake in the consortium for the development of the giant Shah Deniz gas field in Azerbaijan.
Read More »Turkey`s Unit International. Russia`s Zarubezhneft and Iran`s Ghadir Sign Drilling Deal
The natural gas extracted from the drilling will be equal to 1.5 times the 50 billion cubic metres of gas Turkey imports annually.
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