Tag Archives: National Iranian Gas Co. (NIGC)

International trading firms Petredec and Glencore lifted cargoes from Iranian ports in December.

Turkmenistan has no access to open seas and its shipment of gas to international markets has to go through the neighbors.

The field holds an estimated 51 trillion cubic meters of gas and some 50 billion barrels of gas condensate.

South Pars is estimated to contain over six billion barrels of crude oil with the recovery rate of 10 percent.

Tehran and Baghdad signed a deal on the exports of natural gas from the giant South Pars Gas Field in 2013.

South Pars is the world’s largest gas field. shared between Iran and Qatar.

Iran. as the largest natural gas reserves holder in the world. has a high capacity for natural gas production and exports.

Iran'.s gas supply to Armenia is seasonal and Turkey is the only country that purchases Iranian gas throughout the year under a long-term contract.

Iran has been ramping up crude oil production to win back its market share since sanctions were lifted in January 2016 under a nuclear accord with P5+1.

Iran has inked two separate contracts to export the product to Iraqi cities of Basra and Baghdad.