Tag Archives: Persian Gulf

France'.s Total signed a $4.8-billion contract in July to develop the South Pars Gas Field.

Total. Gazprom. Schlumberger. Pertamina and Petronas are among the oil majors studying Iran'.s hydrocarbon reservoirs.

The field is divided into 24 standard phases of development in the first stage. Most of the phases are fully operational at the moment.

The terminal could ease the load of tanker traffic at Kharg Oil Terminal off the Persian Gulf coast that is responsible for more than 90% of Iranian oil exports.

Under the sanctions. Iran'.s oil output was slashed by nearly 40% as a handful of buyers shipped in about 1 million bpd of oil from the country under special waivers.

The federal government has sent troops into areas around Kirkuk and soldiers haven’t entered the city boundaries.

Iran prefers exporting liquefied natural gas (LNG) to distant markets including the EU. but no agreement has been reached so far for construction of the plants for the purpose.

The investment includes $5.8 billion for developing Farzad B and another $5 billion to build a facility to liquefy the gas and export it as liquefied natural gas (LNG).

Tehran has signed a raft of agreements with the likes of Eni. Shell. Schlumberger. Lukoil. Wintershall and OMV to study and potentially develop its massive oil and gas deposits.

The number of crude oil carriers berthed at the Kharg Oil Terminal in the Persian Gulf in the past nine months has witnessed a 28% rise compared with last year'.s corresponding period.