Tag Archives | Petropars

Iran closer to rolling out new oil project contracts

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Dispute remains ongoing over whether parliamentary approval is required for the Iran Petroleum Contract (IPC), a new oil and gas contract model rolled out by the government for upstream projects. Conservative lawmakers want to […]

Platform Loaded for Phase 19 Delivery

Platform A of phase 19 of the supergiant South Pars Gas Field will be loaded for delivery to its designated offshore location. Mohsen Jazayeri, project manager of phase 19 development, told Shana that the loading will begin on Thursday at Khorramshahr Yard. Abouzar 110 barge is to carry the structure that weights over 2,700 tons. […]

Petropars, Shell Discuss Oil Investments

The Iranian energy company Petropars Ltd. is holding negotiations with oil and gas major Royal Dutch Shell on carrying out feasibility studies for investment in oil and gas projects, Petropars managing director Mohammad Javad Shams told Shana. Referring to negotiations between Iranian companies and their foreign partners based on new models of oil contracts, he […]

Mossack Fonseca worked with Iranian Oil Firms

Mossack Fonseca, the Panama-based law firm whose documents were leaked, has reportedly acted for an Iranian oil company that had been blacklisted by the US. The Guardian reports that the firm only realised that it was working for Petropars Ltd in 2010, when another client accidentally fell foul of the US sanctions that had been […]

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, […]

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 […]