Tag Archives: SHANA

Total and Iran earlier signed a 20-year contract worth $4.8 billion to develop South Pars gas fields’ 11th phase.

Under the terms of the deal. Iran’s Petropars is committed to finance the study phase of the project while Toyo of Japan will undertake financing of its executive phase.

Concluding Contracts with topnotch firms can positively impact the country'.s economy in the long run.

This contract will send a strong political message to the world especially at the time that the Americans have adopted a confrontational course (against Iran).

Iran'.s oil minister said in May that the international tender for the Azadegan oilfield was underway.

Last year. South Pars refineries produced 521.753 tons of graded sulfur of which 520.888 thousands were exported.

Farzad B was discovered by OVL in the Farsi block about 10 years ago.

Iran has plans to process 72 million tons of petrochemicals by the end of the current year.

Iran'.s exports to Asia last month were the lowest since February 2016. Reuters'. calculations showed.

South Azadegan is believed to hold an in-place oil reserve of about 33.2 billion barrels.