Tag Archives | South Pars

Iran may award North Azadegan to China

Iran may award phase two of the North Azadegan oilfield to China for development, Minister of Petroleum Bijan Zangeneh says. The China National Petroleum Corporation (CNPC) and Iran’s PEDEC have already signed an initial agreement to produce 25,000 barrels a day (bpd) from the field in the second phase, Iranian officials have said. “Under the […]

Will South Pars help Revive Iran’s Economy?

By Dr. Reza Yeganehshakib, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Will South Pars help bring Iran’s economy back to life? The Persian Gulf is home to one of the largest independent gas reservoirs in the world. Shared between Iran and Qatar, the Iranian […]

Gas from South Pars 19C Online by Winter

Iran has finished installation of platform 19C of South Pars phase 19 to bring production from SPD2 platform to 0.5bcf by winter, the operator of the phase has said. Hamid Reza Masoudi said installation of the offshore platform of phase 19 by an Iranian installer at its designated place was completed on Tuesday, November 17, […]

West Ethylene Pipeline Breaks Record in Feedstock Supply

The West Ethylene Pipeline has set a new record in supplying feedstock to 8 petrochemical plants along its way, a petrochemical official said. Ali-Mohammad Bossaqzadeh, director of production control at National Petrochemical Company (NPC), said the pipeline supplies 140 t/h of ethylene to the petrochemical plants which is unprecedented record. Arvand, Qadir, Rejal, Amir Kabir, […]

South Pars Plan to be Unveiled to Foreign Investors

Negotiations to assign the foreign contractor of the South Pars gas field’s last development phase are underway and the detailed plan will be introduced in the upcoming Iran Petroleum Contract (IPC) conference to be held in Tehran on November 28-29, said officials in the Ministry of Petroleum. Managing Director of the Iranian Offshore Engineering and […]

Iran to Boost South Pars Gas Output

By John Lee. Iran plans to start producing gas and condensate at Phases 17 and 18 of the South Pars offshore deposit by late March, according to a report from Bloomberg. The onshore facilities of this project will be constructed in Asalouyeh region, some 100 kilometers from Asalouyeh coast. The offshore facilities of this project […]

Shell Delegation in Iran for Oil Talks

A delegation from global energy giant Royal Dutch Shell is visiting Iran for talks with the country’s oil officials. The delegation, which arrived in capital Tehran on Friday , will stay in Iran for four days, the local media reported. They are also scheduled to have separate meetings with Iran’s key banks, the Iran-UK Chamber […]

Private Sector Cash to Pump Iranian Gas to Iraq

The pipeline to carry gas to Iran’s western and northwestern regions as well as exporting it to neighboring Iraq will start soon with BOT (Build-Operate-Transfer) financing from Bank Pasargad, the bank’s CEO has said. “We have increased our investment for the development of oil, gas, refining, and petrochemical industries. The contract to finance the Iraq […]

Progress at South Pars Phase 19

The operator of the Phase 19 development of South Pars gas field has said that the SPD 19C platform of the phase is now complete, and 500 million cubic feet/day of sweet gas will be supplied to the national gas network to meet domestic demand. The 19C platform can recover one billion cubic feet of […]