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Iranian Oil minister said Iran has discovered a new gas field containing 50 trillion cubic feet of gas. “The field was discovered with a state-of-the-art drilling technology at a depth of 700 meters of Caspian Sea within Iran’s maritime borders, thanks to the Iranian ministry of oil’s experts,” Eng. Rostam Qasemi, was quoted as saying in a news co... More...
Tuesday, December 13, 2011
Iranian oil and gas officials announced that the country plans to offer investors gas futures contracts to raise billions of dollars needed to fund various energy projects. "In the five-year development plan (2010-15), a total of around $156 billion needs to be invested in Iran's oil and gas upstream sector," Managing-Director of the National Irani... More...
Sunday, December 4, 2011
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NIGC’s managing director, Javad Oji, denied western media reports on Pakistan’s withdrawal from gas contract with Iran adding the neighboring country is willing to buy more gas by adding an annex to the contract.Stating that under the Iran-Pakistan gas contract, Iran will deliver 21.5 million cubic meters of gas to Pakistan per day, Mr. Oji added P... More...
Monday, November 28, 2011
For the first time in Iranian calendar year 1390, which began 21st March 2011, offering 5.000 billion rial dominated bonds started as of today morning in 262 branches of the Bank Tejarat across the country to be used for development of South Pars gas field.The four year term bonds include 2, 5, 10, 20, 50, 100 and 200 million rial notes with on acc... More...
Sunday, November 27, 2011
Iran has exported more than 8 million tons of gas condensates, worth some USD 6 billion, from its South Pars Special Economic Energy Zone between October 23 and November 21.Managing Director of Pars Special Economic Energy Zone Organization, Seyyed Pirouz Mousavi, said on Saturday that the figures mark a 21 percent and 45 percent increase in terms ... More...
Sunday, November 27, 2011
The first batch of Rial bonds for investment in South Pars Gas Field in the Iranian year 1390 (year ended March 20, 2012) is going to be issued Saturday next week.According to POGC Public Relations, selling the first phase of Rial bonds as projected for the Iranian fiscal year 1390 will start next Saturday and last for 6 days in selected branches o... More...
Wednesday, November 23, 2011
Selling foreign exchange denominated bonds will be started on 26th November, Iranian minister of petroleum, Rostam Qasemi said .Addressing at the Mapna company managers’ meeting, Mr. Qasemi said that offering bonds was one of the ways for funding oil industry projects.Referring to the oil industry plans over the fifth five year development plan, th... More...
Tuesday, November 22, 2011
Petrochemical complexes located in Asalouyeh, the onshore facilities of the South Pars gas field, produced 10.233 million tons of various petrochemical products over the first seven months of the current Iranian calendar year, since March 21 2011.Pars petrochemical complex and Nouri petrochemical complex ranked the first and second largest petroche... More...
Tuesday, November 22, 2011
Deputy managing director of the National Iranian Gas Company (NIGC), Mostafa Kashkouli says it is expected natural gas consumption to hit 600 million cubic meters per day during times of peak demand in winter.Speaking at the closing ceremony of the first cultural, sport and scientific festival of the NIGC’s security personnel, Mr Kashkouli said cur... More...
Tuesday, November 22, 2011
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