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Iran To Join LNG Race In Asia With Huge North Pars Development By Simon Watkins - Mar 02, 2021, 6:00 PM CST
With Asian spot liquefied natural gas (LNG) prices having risen to unprecedented levels in January and the outlook remaining extremely robust Iran believes now is the time to move full ahead with its long-term strategy to become a leading global LNG supplier. A key focus for this will be the North Pars non-associated natural gas field that was the largest gas reservoir in Iran before the discovery of supergiant South Pars field in 1990. Propitiously for the speed of development of North Pars, not only are the spot prices of LNG set to remain at the historical high-end but also Iran has virtually completed all phases of its South Pars development.
Iran to join LNG race in Asia with huge North Pars development rt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rt.com Daily Mail and Mail on Sunday newspapers.
Follow RT on Iran’s petchems sector now accounts for over 30 percent of all its non-oil exports and Tehran is planning to boost this further through the build-out of a number of dedicated hubs.
Given the extreme unlikelihood of the US returning to the currently structured Joint Comprehensive Plan of Action (JCPOA), and Iran’s unwillingness to renegotiate the deal any time soon, the Islamic Republic remains focused on three key areas where it can make money despite ongoing sanctions form Washington. Alongside the continued development of its huge West Karoun oil fields, the completion of the supergiant South Pars non-associated gas offshore sector (including the implementation of Phase 11 operations), and the finalisation of the crude oil transfer pipeline from Guriyeh to Jask, Iran’s core focus in the current sanctions environment is to optimise the output and revenues from its already world-scale petrochemicals sector. This has always played a key role in Iran’s �
બાઈડન સરકારે ટ્રમ્પના બધા નિર્ણયો પલટાવ્યા નથીઃ ઈરાન પરના પ્રતિબંધો રાખ્યા યથાવત્ nobat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nobat.com Daily Mail and Mail on Sunday newspapers.
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Iran Looks To Poach Saudi Oil Contracts With New Projects By Simon Watkins - Jan 18, 2021, 7:00 PM CST
Iran has been looking in earnest to poach major oil supply contracts from Saudi Arabia since the Tehran-backed Houthi attacks on two of the Kingdom’s key oil facilities on 14 September 2019, especially for coveted Asian customers. Following Saudi’s decision to unilaterally cut one million barrels per day (bpd) below its latest OPEC+ quota originally set last month, Tehran announced last week that the National Iranian Oil Company (NIOC) has signed US$1.2 billion-worth of contracts for eight new projects designed to significantly increase its crude oil production. Although these projects will be broadly managed by Iranian companies, they are part of a patchwork of projects that were formulated in tandem with the 25-year deal made with China in 2019, which will heavily feature Chinese companies working on a ‘contract-only’ basis, albeit lots of con