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Iran oil gas sector News

In the last week, there has been interesting News in Iran Oil gas sector. It is providing progress in the field. The first News is about Iran’s South Pars gas field which their location is in the Persian Gulf. The Drilling project of 4 platforms of the field has ended. CRA pipes are scheduled to be installed in the mentioned platforms.2496639

Iranian companies

South Pars is divided into 24 standard phases of development in the first stage. Most of the phases are fully operational at the moment. The huge offshore field, shared with Qatar, covers an area of 9,700 square kilometers; 3,700 square kilometers of which, called South Pars, are in Iran’s territorial waters in the Persian Gulf. As a result,The remaining 6,000 square kilometers, called North Dome, are situated in Qatar’s territorial waters.

According to Tehran times, the first consignment of butane produced in phases 17 and 18 of Iran’s South Pars gas field is also about to be ready by the end of current Iranian calendar month, Tir. The phases are projected to produce 56.6 million cubic meters of natural gas, 75 tons of gas condensate, and 400 tons of sulfur per day; as well as one million tons of ethane and 1.05 million tons of LPG (propane and butane) per annum.

 

Foreign Companies in Iran

 Essar Oil, imported 4.9 percent more Iranian oil during January-May 2017 compared to a year ago. The Indian company, with headquarters in Mumbai, is active in exploration and production of oil and natural gas, refining of crude oil, and marketing of petroleum products. It is the top Indian buyer of Iranian crude oil.

Linde comes to iran againAnother foreign company in Iran oil gas sector, is resuming its activities in Iranian market. This is happening by granting its exclusive license to an Iranian company. Linde was active in Iran before the West imposed sanctions on the country; collaborating with Iranian companies on several petrochemical projects. The company which is the world’s largest industrial gas company by market share as well as revenue, also provides logistics and engineering services such as production of industrial vehicles, including forklift trucks.

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