Tag Archives: Persian Gulf

. 60% of oil consignments go to Asia and the rest to oil terminals in Europe.

Parts of the exported gas are due to be transferred to the target markets after being turned into the liquefied natural gas (LNG).

The two sides have reached a preliminary agreement to build an ultra-heavy crude refinery.

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.

Iran currently draws 480 mcm d of gas from South Pars which it shares with Qatar.

The company is expected to launch the platform of Phase 22 of the gas field which is shared by Iran and Qatar by June.

Gas production at phases 19. 20 and 21 will reach full capacity by the end of the current Iranian calendar year.

Iran'.s total natural gas output has reached 840 mcm d from 490mcm d in 2013.

The company is expected to launch the platform of phase 22 of the gas field which is shared by Iran and Qatar. by June.

The $300-million FPSO unit was built in Singapore and will be deployed above the South Pars'. oil layer in the near future.