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Iran Oil Gas Sector in the News (July 2017)

Almost all the news in Iran oil gas sector, is about the Gas deal of Total with Iran. The news are so around it, that the fact that Total is already eyeing Iran’s Petrochemical market is hidden. The French company is negotiating to build 3 petrochemical plants in Iran. It means, they would increase the amount of investment in Iran. In other words, it will increase Iran oil gas sector for about 2million dollars. Total has started talking with Iran, just after the removal of Sanctions in 2016. The French gas supermajor has signed a deal in early 2016 to import Iran crude oil. And now, is to invest in Iran.

At the same time, Iran is in talks to develop more oil gas deposits. The Minister of Iran Oil Gas Company. The NIOC has received the result of studies on 26 Iran Oil Gas Sectoroil and gas fields; that were mostly carried out by international energy majors over the last six months. Wintershall of Germany, Austria’s OMW, South Korean gas company KOGAS, Persia Oil and Gas Industry Development Company, Indonesia’s Pertamina, Japan’s Inpex and Denmark’s Maersk Group are among majors that have presented the result of their technical surveys.

Iran is increasing its focus on natural gas export to neighboring states as well as India; shifting away from costly and potentially complicated plans to supply the fossil fuel to the European Union. It seems, Gas export to Europe is not a priority. Neighboring states and India are now the main targets for Iranian gas.

It is also noticable that 3 phases of the South Pars Gas Field is slated to begin before the end of the present fiscal year. The statements mirror Iran’s increasing efforts to ramp up natural gas output from the giant South Pars field it shares with Qatar in the Persian Gulf.

In another news of Iran Oil Gas sector business, a delegation of Iranian petrochemical traveled to Belgium. The experts explored grounds for cooperation with the head of Antwerp Port in Belgium. Antwerp port in the heart of Europe is accessible to numerous vessels.


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