Tag Archives: Qatar

Qatar Petroleum is determined to continue its lead position in the gas industry with its expansion plans.

Iran holds the world'.s second largest gas reserves after Russia. but currently consumes almost all the gas it produces.

South Pars. with about 30 trillion cubic meters of gas reserves. is jointly owned with Qatar.

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

POGC is also collaborating with an unnamed French company to offset the natural decline in South Pars extraction rate .

Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).

Iran needs major investments in its offshore oil and gas sectors.

The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.

Iran has been second-best to Qatar in gas production from South Pars.

The Persian Gulf region has about 730 billion barrels of proven oil reserves and more than 70 trillion square meters of natural gas.