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NIGC Expanding Gas Outreach

EghtesadOnline: An estimated $2 billion in projects are underway to expand the natural gas network to 46 small towns and 5,000 villages by the end of the current fiscal year (March 2018), an official at the National Iranian Gas Company said.
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Publish Date:03/July/2017 | 09:19

Iran's Gas May Free Up Iraqi Oil

EghtesadOnline: Iran will begin exporting gas to the southern Iraqi city of Basra within six months, according to the National Iranian Gas Company, under a gas supply contract signed between Tehran and Baghdad in 2015.
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Publish Date:02/July/2017 | 13:56

Iran, Total to Finalize South Pars Gas Deal on Monday

EghtesadOnline: Iran plans to sign a contract to develop its giant South Pars Gas Field with France's Total on Monday, the first major European energy investment since sanctions against Tehran were lifted over a year ago, an Iranian Oil Ministry official said on Sunday.
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Publish Date:02/July/2017 | 13:49

South Pars Phase 11 Development Will Cost Upwards of $5b

EghtesadOnline: Developing Phase 11 of the giant South Pars Gas Field in the Persian Gulf by French energy giant Total S.A. is forecast to cost more than $5 billion over three years, the rapporteur of Majlis Energy Commission said.
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Publish Date:01/July/2017 | 06:26

Iran Expects to Sign World's Biggest Gas Field Deal in Next Two Weeks

EghtesadOnline: Iran and France’s Total SA expect to sign a contract to develop part of the world’s biggest natural gas field in the next few weeks in what would be the Persian Gulf country’s first investment by an international energy company since sanctions were eased last year.
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Publish Date:20/June/2017 | 24:49

Eni, NIOC Ink Deal on Studying Iran Oil, Gas Fields

EghtesadOnline: Italian energy giant, Eni and National Iranian Oil Company Tuesday signed a Memorandum of Understanding for studying Kish gas field and 3rd phase of Darquain oil field, as part of the country's effort to racket its production after the removal of sanctions.
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Publish Date:20/June/2017 | 09:33

Iran sees strategic gains in Total deal

EghtesadOnline: As Iran is preparing to sign a much-delayed deal with the French energy giant Total over the development of a major gas project, indications are growing that Tehran is already looking at the political messages that the deal could send to the world.
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Publish Date:18/June/2017 | 24:01

Gov’t Encouraged to Sign Contracts With Oil Majors

EghtesadOnline: Respected energy expert and economist Ali Shams Ardekani has pleaded with the government not to waste precious time in finalizing oil and gas deals with international majors despite the opposition from his political opponents who are against opening up the economy and energy sectors to foreign investment.
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Publish Date:18/June/2017 | 09:22

Iran still world’s biggest natural gas player

EghtesadOnline: A new report shows Iran still has the world’s largest reserves of natural gas and is closely followed by market rivals Russia and then Qatar.
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Publish Date:17/June/2017 | 11:07

Iran Clears 40% of Gas Fine to Turkey

EghtesadOnline: Iran has cleared more than 40% of the fine it was told to pay Turkey by an international tribunal for overpricing natural gas it sold to the Eurasian country, said Asadollah Gharekhani, spokesman for the Majlis Energy Commission.
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Publish Date:14/June/2017 | 24:24

Focus on Raising Production From Five South Pars Phases

EghtesadOnline: South Pars Gas Field's development phases 17-21 will add more than 150 million cubic meters per day of gas from the giant offshore field when fully operative, said the CEO of National Iranian Oil Company, Ali Kardor.
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Publish Date:03/June/2017 | 08:46

‘Iran signed deal with Gazprom over Farzad B’

EghtesadOnline: Iran says it has signed a basic agreement with Russia’s energy giant Gazprom over the development of Farzad B gas field – a project which the country has for long been negotiating with an Indian consortium.
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Publish Date:31/May/2017 | 11:48

Domestic Companies Supply 80% of Petroleum Equipment

EghtesadOnline: Domestic companies manufacture 80% of equipment needed by the oil and gas industry, the managing director of the National Iranian South Oil Company (NISOC) said.
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Publish Date:31/May/2017 | 10:20

Prospects for SOCAR Coop. in Caspian Joint Projects

EghtesadOnline: Azerbaijan oil officials have expressed interest in collaborating with Khazar Exploration and Production Company (KEPCO) to develop Sardar-e-Jangal gas field in the Caspian Sea off Gilan Province, KEPCO's managing director said.
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Publish Date:30/May/2017 | 06:33

MP Calls for Prioritizing Joint Fields' Development

EghtesadOnline: Tehran needs to step up efforts to raise production from joint oil and gas fields and attract foreign investment in the key petroleum industry, said the spokesperson for the Majlis Energy Commission.
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Publish Date:28/May/2017 | 08:24

2 SP Phases Produce Gas Worth $4.2b

EghtesadOnline: South Pars Gas Field's phases 2 and 3 produced 21 billion cubic meters of natural gas, worth $4.2 billion, in the previous fiscal year that ended in March, the head of South Pars' 2nd Refinery said.
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Publish Date:28/May/2017 | 08:22

Total to ink $4 billion Iran gas deal before summer

EghtesadOnline: Iran will sign a $4 billion deal with France’s Total to develop phase 11 of the giant South Pars gas field before summer, Minister of Petroleum Bijan Zangeneh says.
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Publish Date:27/May/2017 | 24:26

South Pars Gas Project Needs $30b

EghtesadOnline: Completion of the giant South Pars Gas Field in the Persian Gulf could require as much as $30 billion in investment, the chief executive officer of Pars Oil and Gas Company (POGC) said on Friday.
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Publish Date:27/May/2017 | 09:09

Iran discovers new gas field in Persian Gulf

EghtesadOnline: Iran says it has discovered a new gas field close to the giant South Pars natural gas field which it jointly shares with Qatar.
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Publish Date:24/May/2017 | 11:09