Iran plans to sign two contracts on the development of the giant South Pars Gas Field by March, said a senior government official.
Deals will be aimed at the development of Phase 11 and the oil layer of South Pars, Oil Minister Bi
Iran is planning to increase gas extraction from South Pars Gas Field to the same level extracted by Qatar this year, a top official was quoted as saying in an Iran Daily report.
Iran is extracting 270,000 bpd of oil from
Iranian Offshore Engineering and Construction Company (IOEC) will commence offshore drilling operations at Phase 14 of t South Pars Gas Field by mid-July, said Iran Daily, quoting a top official.
Physical activities at th
Iran plans to launch phases 20 and 21 of the South Pars Gas Field by mid-March 2017, a report said.
The phases will go on-stream with a daily production capacity of 50 million cu m (mcm) of natural gas, Iran Daily quoted
Iran need $200 billion investment to develop its oil industry, said Oil Minister Bijan Namdar Zanganeh, adding that since internal resources are not enough to meet such need, the country should attract foreign investment.
Phases 20 and 21 in Iran’s South Pars field are set to begin preliminary operations in late March, a report said.
“All stages of preparation including testing of lines and connections for the refinery sector as w
Iran is planning several projects to expand its oil production and export capabilities, reports said, highlighting a new oil terminal to export one million barrels per day (bpd), and a $1.7 billion development of South Pars Gas Field.
One of the platforms of Phase 19 of Iran’s South Pars Gas Field development project will begin producing gas by mid-March 2016, a top official said.
Gas has already been pumped to the refinery of Phase 18 of South Pars, Ali
Iran’s Pars Oil and Gas Company (POGC) has installed a gas platform with capacity to produce 500 million cu ft of gas from South Pars oilfield, a report said.
The facility has been created with the installation of the first
Iran and Iraq have finalised a plan for developing a pipeline to carry 35 million cu m (mcm) of gas to Iraq, a report said.
"The Iraqi side has also begun initial executive work," Azizollah Ramezani, international