Tag Archives: Gas Field

Total holds a 50.1 interest in the South Pars project with state-owned China National Petroleum Corporation owning 30 percent and Petropars 19.9 percent.

The sixth refinery is included in phases 15 and 16 of the South Pars complex. The South Pars. by far the world'.s largest natural gas field. is a natural-gas condensate field located in the Persian Gulf.

With 137.6 billion barrels of proven reserves. Iran has the world’s fourth largest crude deposits.

The agreement was signed at a ceremony in Tehran attended by Zangeneh. Total’s CEO Patrick Pouyanne and senior officials from China’s CNPC and Iran’s Petropars.

Power plants are moving toward replacing polluting fuels with natural gas as a cleaner energy resource.

Tehran seeks to raise gas production capacity to 1 billion cubic meters per day by March 2018 on the back of bigger supplies from South Pars.

Iran needs 200 billion dollar investment to develop oil industry which should be supplied through foreign sources.

The blockade has made Qatar stronger. the people of Qatar stronger. their businesses stronger. We will come out of this much stronger than before.

Tehran plans to develop the South Pars oil layer under the framework of Iran Petroleum Contract.

Under the terms of the deal. Iran’s Petropars is committed to finance the study phase of the project while Toyo of Japan will undertake financing of its executive phase.