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Turkey boosts gas import by 20% in April
Turkey increased gas imports (including LNG) by 19.61% to above 4.25bn m³ in April compared with the same month of 2016. According to a report, released by the…
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Iran, Japanese Toyo Ink Salman Field Memo
National Iranian Oil Company (NIOC) has signed a memorandum of understanding with a consortium comprising Japanese engineering firm Toyo and Iranian Petropars for the…
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Iranian MPs' Attempt to Cancel Total's Deal Fails
A move has failed by some Iranian members of parliament (MPs) to block the multi-billion dollar investment in South Pars by Total and partners. Just a week after the deal was…
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Iran Explains Total's South Pars Remuneration
Iran’s oil minister Bijan Namdar Zangabeh said that some $84bn worth of revenue will come in from South Pars phase 11 over 20 years, based on expected $50/barrel oil…
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Global Gas Flaring Up Again in 2016: World Bank
Gas flaring at oilfields rose by a further 2bn m³ last year to 149.3bn m³, from just over 147.2bn m³ in 2015 and has risen in each of the three years…
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Qatar Seeks to Boost LNG by 30% to 100mn mt by 2025
Qatar Petroleum announced July 4 its intention to raise Qatar’s LNG production from its nominal 77mn metric tons/yr to 100mn mt/yr. The plan could take up to seven years…
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Iran Signs South Pars 11 Deal with Total, CNPC (Correction)
(Corrects '4 months' to '40 months' in para 7) Iran signed a $4.8bn agreement with French Total and Chinese CNPC on July 3 to develop South Pars gas field’s phase 11 (SP11)…
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Iran Starts Gas Exports to Iraq
Restricted Iranian gas flows to Iraq have started, one year behind schedule. Iran’s deputy oil minister for trade and international affairs, Amir Hossein Zamaninia told…
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Iran, Eni sign MoUs on Oil, Gas Fields
National Iranian Oil Company (NIOC) and Italian Eni signed two Memoranda of understanding (MoUs) June 20 to study the third phase of Darquain oil field as well as Iran’s…
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Iran Adds Five IOCs to IPC-qualified list
Iran has added four Russian companies – Rosneft, Zarubezhneft, Tatneft and Gazprom Neft – and Azerbaijan’s state-run oil company Socar to the 29-member…
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Morten Frisch - Qatar, Iran and the North Field Development: A Gas Industry View
This article, by Morten Frisch, explains the development of the North Field, how the LNG market has developed since 2005, Qatari sales of pipeline gas to the UAE and Oman and how…
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OMV, Gazprom Neft Eye Iran Cooperation
Russia’s Gazprom Neft and Austrian OMV signed a memo of understanding June 2 to work together to develop Iran’s upstream at the St Petersburg International Economic…
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Iran, Tubacex Set up Speciality Pipeline Firms
Iran’s Mobarakeh Steel Company and Spanish Tubacex will establish three firms, two of them in Isfahan city and another in Kish Island, to produce corrosion-resistant alloy (C…
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Iran Finds S Pars Satellite Field
Iran has discovered a gas field close to the South Pars field in Persian Gulf with 42bn m³ in-situ gas reserves, of which 22.5bn m³ are considered recoverable. An…
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Iran to Sign Firm Contract with Tubacex May 24
Iran will sign a contract worth $550mn with Spanish Tubacex May 24 to produce corrosion-resistant alloy (CRA) pipelines, needed for South Pars. This will be the first agreement…
