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Petropars, Iran s leading general contractor, will ink a buyback deal with NIOC on May 17 to produce 28 million cu m/d of sour gas over five years from reserves shared with Saudi Arabia. The gas condensates and sour gas produced will be sent to southern South Pars gas plants.
Farzad B s gas in place is around 23 Tcf and its gas condensates amount to around 5,000 barrels/Bcf.
An ONGC Videsh-led consortium discovered Farzad B gas within the Farsi offshore gas block in 2008 together with Oil India and Indian Oil. The consortium had signed a preliminary exploration-development deal with Iran in 2000, while only the exploration was done. In 2016, Iran said it was examining the Indian proposal but that an agreement was unlikely because of the difference between Iran s demanded gas price and India s offer.
Iran to award $1 8bn gas field contract to local company - News for the Oil and Gas Sector
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Ministro iraní cancela reuniones en Viena tras izado de bandera israelí | Europa al día | DW
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There are three key reasons why the development of a world-class petrochemicals (petchems) sector is vital to Iraq’s future.
First, its heavy reliance on crude oil exports makes it extremely financially vulnerable both to downturns in the oil price and to the political whims of its fellow OPEC members, especially Saudi Arabia. Second, plain crude oil exports, particularly in the depressed pricing environment that is likely to endure for some time, do not provide the much higher export value that petchems do. Third, Iraq has the natural resources of both oil and gas that can make it a world leader in the petchems sector.
Коментари - Башар Асад обяви нова амнистия за затворници
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