Tag Archives: Gas Field

Iranian oil minister Bijan Zanganeh said Sat. the France-proposed $15 billion credit line for Iran has nothing to do with the easing of US sanctions on the country.

Iranian Oil Minister Bijan Zanganeh said that US sanctions have failed to stop Iran’s oil industry.

Belal. a field shared with Qatar. straddles the maritime boundary between Iran and Qatar in the Gulf.

An Iranian company won the contract for the development of Balal Gas Field in the Persian Gulf. a senior oil official said.

French energy giant Engie. Shell of the Netherlands. and two German companies. Uniper and Wintershall Dea. are all financing partners of the 9.5 billion euros project.

There was currently a supply glut in the global oil market which was caused by the US shale boom.

National Iranian Drilling Company (NIDC). a subsidiary of National Iranian Oil Company. has dug 124 oil and gas wells across the country during the past year. a senior official said.

Iranian companies will replace foreign firms in major oil and gas projects of the country after some international contractors slowed down their activities under unilateral pressures from the US.

National Iranian Oil Company is set to grant the development project of the South Pars oil layer. in the Persian Gulf. to a domestic company. a senior official said.

South Pars is the world’s largest gas field.