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Old September 25th, 2006, 01:54 PM   #1
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Oil & Gas News and Development

All news relating to Iran's oil & gas development. Post all info on South Pars development in the appropriate thread in the projects forum.

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Neka-Rey oil pipeline capacity hits 250,000 bpd
TEHRAN, Sept. 23 (MNA) – The capacity of Neka–Rey oil pipeline has reached 250,000 barrels per day, said the managing director of the Iranian Oil Pipelines and Telecommunication Co. (IOPTC) here on Saturday.

Seyyed Mahmud Emamzadeh also said that upon completion of 32-inch Neka-Rey pipeline and joining the circuit of Neka, Sari, Gol-Pol and Urim pumping houses with additional pumps, the oil conveyance capacity of this pipeline will reach 370,000 barrels per day.

He further noted that presently some 230,000 barrels of Central Asian crude oil are being transferred to Tehran Oil Refinery through the Neka-Rey pipeline. “There is no limitation for the transference of crude oil through Neka-Rey pipeline.”

In order to refine 500,000 barrels of crude oil imported from the Central Asian countries, different plans were put on desk for study, such as boosting capacity of Tehran and Tabriz refineries, developing Arak Refinery and refining the surplus crude oil of Tabriz and Tehran refineries.

Elsewhere in his remarks, Emamzadeh said that since the inauguration of Neka-Rey pipeline in 1382 (2003 – 2004) some 100 million barrels of crude oil have been transferred to Iran, and the same amount has been swapped at Khark Island, southern Iran.

The exchange cost of each barrel of crude oil is about $2. By daily conveyance of some 250,000 barrels of crude oil through this pipeline, the annual income of this pipeline will be around $180 million.

SOURCE: http://www.mehrnews.com/en/NewsDetai...?NewsID=384476
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Production from Abuzar oilfield resumed
TEHRAN, Sept. 24 — The production from Abuzar Oilfield was resumed after an old duck at Platform “AB” was replaced with a new one, Ruhollah Najibi, the director of Abuzar Oilfield Development Project said here on Saturday.

The production from Abuzar Oilfield stands at 170,000 barrels per day, which was halted for two weeks because of operations to replace the old duck at Platform “AB” with a new one, he explained.

The installation of the new duck is the part of a plan to renovate and upgrade the production platforms at Abuzar Oilfield, which were destroyed during Iran-Iraq 1980-1988 war, he stated.

Replacement of the duck by the Iranian Offshore Engineering and Construction Company (IOEC) within a two-month period, cost $4 million. According to Najibi, the installation of the duck has increased the safety rate and sustainability of the production from the field.

He also explained that the plan to renovate production platforms at Abuzar Oilfield was launched in 2000, which is still underway.

SOURCE: http://www.mehrnews.com/en/NewsDetai...?NewsID=384473
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Ilam Gas Treatment Plant on stream this year
TEHRAN, Sept. 23 (MNA) — Ilam Gas Treatment Plant, in the western province of Ilam, will come on stream in the current Iranian year (started March 21, 2006), executive deputy of the plant said on Saturday.

The project is underway with 86 percent physical progress. Once installation of the equipment is completed, the plant will begin pilot production, Hamid Sham-Bayati told the Iranian Students News Agency (ISNA) in Ilam.

Ilam plant is to sweeten the gas produced from Tang-e Bijar and Kamankuh fields for use in Ilam Province and western Iran regions, he said. Production of ethane and heavy hydrocarbons as well as feeding Ilam Petrochemical Complex are other purposes behind construction of the plant, he added.

The plant is being built in two phases. At the first phase, two units for separating condensates (5.1 million cu. m. of nominal capacity), sweetening sour gases (3.4 million cu. m.), and a dehumanization unit (9.6 million cu. m.) are being constructed, he explained. The second phase has anticipated construction of units for sweetening ethane (0.6 million cu. m.), the production of sulfur, and the treatment of sour water, he added.

The deputy further explained that construction of a sour gas sweetening unit, a unit for the enhancement of the pressure of ethane, and sulfur production have been planned for the second phase.

Construction of Ilam Gas Treatment Plant has so far cost $204 million, provided through Forex resources.

SOURCE: http://www.mehrnews.com/en/NewsDetai...?NewsID=384438
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Old September 25th, 2006, 02:01 PM   #2
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Tehran Refinery turns out 8m lit. gasoline per day
TEHRAN, Sept. 22 (MNA) – Tehran Refinery offers a daily output of eight million liters of gasoline which is equivalent to 50,000 barrels crude, executive manager of Tehran Oil Refinery Company told the Persian service of IRNA on Friday.

The nominal capacity of North and South plants stands at 250,000 barrels of oil per day and the projects to increase the refining capacity and octane improvement from 82 to 90 are underway, Abbas Kazemi continued, adding establishment of isomerization and refining naphtha units is a step toward this end.

He also considered plans to boost gasoline production by 22% as one of the primary tasks of the refinery, noting the final decision on a Rls.720m gasoline project is to be made next week and another one at Rls.250m is still pending.

Kerosene, fuel oil, diesel fuel, liquid gas, jet fuel, sulfur and engine oil are among Tehran Refinery’s major products.

SOURCE: http://www.mehrnews.com/en/NewsDetai...?NewsID=383978
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Old September 25th, 2006, 02:04 PM   #3
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Negotiations on Peace Pipeline to be finalized in November
TEHRAN, Sept. 23 (MNA) – Negotiations on the Iran-Pakistan-India natural gas deal or the so-called “Peace Pipeline Project” would be finalized after the designated consultant company tasked with working out a pricing formula presents its report in November, noted here on Saturday, Iran’s deputy oil minister for international affairs Mohammad Hadi Nejad-Hosseinian

Based on the earlier agreements reached by the representatives of Iran, Pakistan and India, the three sides should outline the strategies for the pricing consultant company, he told the Persian service of Iran’s Petroenergy Information Network (PIN).


The contractor company is currently carrying out the gas pricing studies, the Iranian official emphasized adding that although the beginning of the work has run into delays, the project implementation method has not changed.

He also announced that the pricing report by Gaffney, Cline & Associates Company would be presented in November and given that the three partite meeting is scheduled for the same time in Tehran, it is expected that grounds would be prepared for the finalization of the deal in the next two months.

However, in a letter to Nejad-Hosseinian, India’s Petroleum Secretary M.S. Srinivasan wrote that contrary to the agreement, Iran had excluded India and Pakistan from the joint exercise to work out the pricing formula for natural gas that would flow through the proposed tri-nation pipeline.

Tehran has kept GAIL (India) Ltd out of coordination and finalization of a study by Gaffney, Cline & Associates on fixing the formula that would be the starting point for further negotiations on gas price — the main contention among the three countries, the letter said.

After the last meeting of the deputy oil ministers of Iran, Pakistan and India failed to reach a result, the three sides agreed that the National Iranian Gas Export Company (NIGEC) would contract the consultant company for coordination and finalization of the study.

Appointing an independent, international consultant had become crucial after a standoff between the gas sellers and buyers with Iran insisting on a price linked to the crude oil and India and Pakistan seeking a price band with a ceiling.
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Old September 25th, 2006, 02:22 PM   #4
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Norsk Hydro Signs Oil Deal With Iran

Iran and Norwegian firm Norsk Hydro have signed a deal to explore a major onshore oil field, at Khorramabad in western Iran.

The initial investment of $49.5 million could rise to $107.5 million.



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OSLO, Norway (AP) -- Norwegian oil company Norsk Hydro ASA has signed a deal with the National Iranian National Oil Co. for oil exploration in southwestern Iran. The agreement covers a 7,424 square kilometer (2,866 square mile) area called the Khorramabad block in Lurestan province, about 500 kilometers (300 miles) from the Iranian capital Teheran, Norsk Hydro said in a statement issued late Sunday.

In the first phase, Norsk Hydro plans to drill three exploration wells and do seismic studies over an area of about 600 kilometers (375 miles) during the next four years.

If the project turns up commercial finds, the agreement for development and production will be extended to 25 years, said Norsk Hydro. If exploration is unsuccessful, the agreement will automatically run out at the end of four years.

Norsk Hydro, based on the outskirts of Oslo, is one on Norway's largest companies, with 33,000 employees in 40 countries. Iran, the world's fourth-largest oil producer, pumps roughly 4 million barrels a day.
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Old September 25th, 2006, 02:33 PM   #5
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Iran offers new terms to lure foreign oil explorers

IRAN will put the exploration of 24 oil blocks out to international tender within the next two months after reviewing its energy development contracts to make them more attractive to cautious foreign investors.

The new terms may be an improvement, but analysts say that most big foreign companies are likely to be wary of committing until it is firmly established that Iran will not suffer international sanctions over its nuclear programme.


By Michael Theodoulou at TimesOnline.Co.Uk

The National Iranian Oil Company (NIOC) put out to international tender the exploration and development of 16 blocks in 2004. So far, contracts on only four of the onshore blocks have been finalised.

“The remaining 12 blocks will be put on tender with 12 newly defined other blocks,” Mahmoud Mohaddes, the director of exploration of NIOC, said yesterday.

That only four contracts were finalised from the last round was a result both of the fragile political atmosphere between Iran and the West — which has since worsened — and the nature of the tenders. The last of those four contracts, a $107 million (£57 million) deal with a Norwegian company, was signed only last Sunday.

“In any other country, the companies would be queuing up and competing,” Gerald Butt, editor of the Middle East Economy Survey, said. “Look at Libya. Companies are fighting each other to get in.”

Iran’s routine upstream contracts are based on its buyback scheme, whereby investment in developing a field is rewarded with a share of production for a short period before the State repurchases the field. Foreign firms often complain that the compensation period is too short and have been reluctant to come forward because of the high capital risk on the blocks.

Revisions to the buyback terms envisage longer involvement by foreign contractors in the production period to increase recovery rates and maintenance quality.

“We are looking for ways to increase the recovery rate alongside preserving the Government’s authority on oil reserves,” Mr Mohaddes has said previously, referring to Iran’s constitutional ban on foreign ownership of its oilfields.

Reportedly, the new terms may allow the presence of foreign companies for the whole life of a field.

“Even if the new terms are significantly better, many major companies would be reluctant to commit such huge investment in Iran until it’s absolutely certain there won’t be international sanctions,” Mr Butt told The Times.
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Old September 25th, 2006, 04:19 PM   #6
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Japan, Iran talk $2 billion deal for Azadegan field

Friday, September 22, 2006
WORLD TRIBUNE.COM


LONDON — Iran and Japan plan to discuss a $2 billion oil development project.

Officials said the two countries have agreed on talks to develop Iran's Azadegan oil field. They said the project was held up for years amid U.S. opposition to Japanese participation.

"For Japan, the Azadegan oil field project is of importance and due to the same reason it is considering ways to ensure progress in the talks," Iranian Vice Minister for Foreign Affairs Katsutoshi Kaneda said on Sept. 15.

Japan has been a leading customer of Iran and invested billions of dollars in the Middle East nation. Kaneda said the Azadegan project would not affect Japan's position toward Iran's nuclear program, Middle East Newsline reported.
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Old September 28th, 2006, 12:18 PM   #7
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Iran holds world’s largest N-gas to ethylene pilot unit
TEHRAN, Sept. 27 (MNA) – World’s largest OCM (oxidative coupling of methane) pilot unit for ethylene production will be operational in Iran in 20 days, the head of Research Institute of Petroleum Industry (RIPI) said here on Wednesday.
OCM offers direct conversion of natural gas to ethylene which is currently done by turning naphtha into ethylene through indirect methods, Sassan Sadraii Nuri continued, adding the unit at RIPI is to produce five kilograms of ethylene daily before plans for industrial scale production become feasible.

Another advantage to OCM is that ‘the valuable naphtha’ used for gasoline production is no longer needed to be converted into ethylene and it can be ‘freed’ to meet the country’s increasing gasoline demand.

The unit was constructed in a joint venture with Japanese JOGMEC at the cost of Rls.3b ($330,000) and RIPI also monitors the current worldwide activities on OCM related subjects for further improvement, he noted.

Ethylene is a valuable commodity in world market sold at $400 per ton.
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Old October 3rd, 2006, 10:14 PM   #8
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NIDC finishes drilling 5 oil and gas wells ahead of schedule
TEHRAN, Sept. 30 (MNA) – The National Iranian Drilling Company (NIDC) has succeeded in drilling, repairing and development of five oil and gas wells in Naftshahr, Qaleh Nar, Darkhowein and Kangan located in the oil and gas-rich southern Iran.

The NIDC has successfully completed the drilling and repairing operations ahead of the timetable set by the requesting bodies, an official with the company said on Saturday.

Based on the earlier planning, the drilling, repairing and development works had been expected to take 324 days, but NIDC was able to complete all the works within only 313 days, the report maintained.
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Bill on allocation of 2% of oil, gas revenues to deprived regions undecided
TEHRAN, Oct. 1 (MNA) – Based on a bill currently being discussed in the Majlis (parliament), government would be allowed to in the current year (Iranian year ends March 20) allocate Rls.6,000,000,000,000 (roughly around 652,000,000 USD) of Iran’s oil and natural gas revenues to the oil and gas-rich provinces as well as the nation’s deprived regions.

The same bill, if approved will also provide for the allocation of up to two percent of the same revenues to the same regions of the country during the remaining years of the nation’s Fourth Five-Year Socioeconomic Development Plan (2004-2009). The funds will be invested in the development projects of the regions, the Persian service of Iranian Students News Agency (ISNA) reported on Sunday.

The bill had been earlier rejected in the Majlis (parliament) on the grounds that it contradicted the fundamentals of budget setting. Mofatteh, the rapporteur of the Budget and Planning Commission of the Majlis argued that government could earmark its required budget for the development of the deprived regions from the nation’s annual budget.

Speaking in favor of the bill Adel Azar, a lawmaker representing the people of the nation’s western province of Dehloran referred to the sufferings of his constituency and asked legislators when would it be the time to address the problems of the deprived regions? He noted that from the early days of the seventh Majlis (the current legislature body) representatives of these regions have disclosed the miserable situation in the disadvantaged areas.
That one sounds good... hope it goes thru.
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Old October 3rd, 2006, 11:22 PM   #9
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652 million dollars?

that is good, I hope it happens those people really deserve it.
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Old October 5th, 2006, 06:52 PM   #10
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Iran-Armenia gas pipeline on stream early 2007
TEHRAN, Oct. 4 (MNA) — The project of Iran’s gas conveyance pipeline to Armenia will come on stream early 2007, Reza Kasaiizadeh, the managing director of the National Iranian Gas Company (NIGC) said here on Wednesday.

“First, Iran will export 3 million cu. m. of gas per day to Armenia. The figure will gradually reach 10 million cu. m. of gas per day, according to the schedule,” he told Iranian Students News Agency (ISNA).

Shifting to Iran-Turkey gas pipeline, he said that Iran’s gas export to Turkey was resumed on October 2, after parts of the pipeline which were damaged by last Thursday’s explosion were repaired. “The explosion was the first of a kind occurred at Iran’s border. NIGC is pursuing plans to increase security in border regions in order to prevent such events in future,” he added.

He also said that Iran presently exports 20 million cu. m. of gas to Turkey per day.

SOURCE: http://www.mehrnews.com/en/NewsDetai...?NewsID=389814
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Old October 5th, 2006, 07:02 PM   #11
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Japan-Iran oil deal in doubt as deadline expires


A $2bn oil deal between Japan and Iran is in jeopardy, days after an Iranian deadline expired for the Japanese to expedite work on the Azadegan field.

Japan’s trade ministry, which oversees energy policy, on Thursday insisted talks were continuing between Inpex, the Japanese energy company, and the Iranian government.

http://www.ft.com/cms/s/08474c74-548...0779e2340.html
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Old October 5th, 2006, 07:11 PM   #12
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Council mulling over Iran-Brazil Caspian Sea oil contract

TEHRAN, Oct. 4 — Iran's Economic Council is presently assessing the draft of a contract inked with Brazil on oil extraction from the Caspian Sea, member of the Majlis Economy Commission Elyas Naderan said here on Wednesday.

"Iran and Brazil will finalize the contract to extract oil from the Caspian Sea, upon ratification by the Economic Council," Naderan told reporters at the sideline of the Majlis open session.

Since the legal regime of the Caspian Sea is still unclear, Iran prefers to extract oil from the middle parts of the sea that are deeper and jointly owned with other littoral states, MP explained. However, Brazil is keen on carrying out extraction from less deep areas which are near the coast, he added.

Naderan did not say whether or not Iran and Brazil have reached a consensus over the area of the extraction, however, he said "Iran's national interests have been violated in this contract, because it is failed to determine the exact area for drilling operations."

http://www.payvand.com/news/06/oct/1053.html

Dig deep.
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Old November 20th, 2006, 09:32 PM   #13
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Iran prepared to expedite peace pipeline project: FM
TEHRAN, Nov. 20 (MNA) -- Foreign Minister Manuchehr Mottaki said here on Monday that Iran is prepared to expedite the process of constructing the Iran-Pakistan-India natural gas pipeline, which has been dubbed the peace pipeline.

“This pipeline will boost security and stability in the region,” Mottaki said during a meeting with a group of senior officials of the Pakistani mass media.

In light of the high demand for energy in Asia and the importance of development projects in Pakistan and India, providing the region with the energy it requires is a necessity, he added.

“In our meetings with Pakistani and Indian officials, we have reached a consensus on the pipeline project, and a joint expert group with members from the three countries is studying ways to implement the project,” the Iranian foreign minister added.

In light of the great potential for cooperation between Tehran and Islamabad and the many affinities of the two nations and governments, the outlook for future relations is very promising, Mottaki said.

Iranian and Pakistani officials are determined to expand ties in all areas, he noted, adding that media people can play an influential role in expediting cooperation between the two countries.

On Iran-U.S. relations, Mottaki said, “If we observe a change not only in U.S. officials’ statements but also in their actions, we will consider the issues.”
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Old November 22nd, 2006, 06:52 PM   #14
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Private sector to build oil refinery in Mazandaran Prov.
TEHRAN, Nov. 22 (MNA) — Iran’s private sector will start the construction of an oil refinery in the northern province of Mazandaran in the near future, Ali Faraji, the head of the Board of Directors of Mazandaran Oil Refinery Company said on Wednesday.

The refinery is to be built between the cities of Neka and Behshahr, he added, while explaining that the feasibility studies of the project plus tank(s) design have finished.

Site selection operations have been completed, and environmental assessments are currently underway, he added.

Faraji went on to say that the crude oil required for the refinery will be supplied from Azerbaijan Republic, as previously signed Baku contract mandates. He added that Iranian embassy in Baku has facilitated the signing of the contract.

Also, a memorandum of understanding (MOU) has been inked with German Siemens on establishment of a joint venture for the refinery, he noted.

SOURCE: http://mehrnews.com/en/NewsDetail.aspx?NewsID=410859
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Old November 22nd, 2006, 09:24 PM   #15
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Iran to invest around $80b in oil projects by 2009

Around $80 billion will be invested in Iran's oil projects by the end of Iran's Fourth Five-Year Socioeconomic Development Plan (2004-2009).

http://www.payvand.com/news/06/nov/1241.html


Iran to nearly double oil, triple gas production by 2014

Iran's daily crude production capacity will rise to seven million barrels per day and its natural gas production to 1.565 billion cubic meters by 2014. Iran's in-situ oil reserves stands at 740 billion barrels and its recoverable oil reserves at 137.5 billion barrels.

http://www.irna.ir/en/news/view/menu...3726181234.htm

Last edited by Gilgamesh; January 8th, 2007 at 08:02 PM.
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Old December 9th, 2006, 04:44 PM   #16
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I dont know where else to post this...

Korean Hyundai to build 160,000-ton oil tanker for Iran TEHRAN, Dec. 8 (MNA) — Korean Hyundai will build a giant oil tanker for Iran according to a contract worth $80 million signed here on Thursday, Maritime News Agency (MANA) reported. “Hyundai and Iran-o Hind Shipping Company — an affiliate to the Islamic Republic of Iran Shipping Lines (IRISL), has inked a contract under which Hyundai will build an oil tanker weighing 160,000 tons for the company,” Gholam-Hossein Golparvar, an official with the IRISL said.

Dubbed “Amin”, the giant oil tanker is scheduled to join Iran-o Hind fleet in 2009, deputy at IRISL for commercial affairs noted.

“Thus, the company’s capacity will increase from 500,000 DWT to 650,000 DWT,” he added.

Golparvar also said that the IRISL is planning to invest in delivery of crude oil and LNG (liquefied natural gas) as well.
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Old January 6th, 2007, 11:29 PM   #17
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Indian company to build oil refinery in Iran

TEHRAN, Jan. 6 (MNA) -- India’s Essar Group, a multi-billion dollar steel-to-telecoms conglomerate, is negotiating with National Iranian Oil Refining and Distribution Company (NIORDC) to set up a new oil refinery in Iran’s oil-rich southern region. The building of a two billion dollar oil refinery in the southern part of the country is parts of an 18 billion dollar fund allocated to the development and expansion of the nation’s oil refining capacity to meet its rapidly growing domestic fuel requirements.

The estimated two billion dollar plus investment in a new 300,000 barrel per day (bpd) plant to process Iran's heavy crude, would give the OPEC member's stagnant refining sector a boost and give Essar a foothold in the oil-rich country, where it is already in talks over a steel plant.

"We are studying a refinery in Bandar Abbas with Essar of India," Akhbari Shad, Director of International Affairs for the National Iranian Oil Refining and Distribution Company (NIORDC), told Reuters. Bandar Abbas is a port town in the south.

Shad declined to give more details or say when a deal might be struck.

An official with Essar Group told Reuters, "We want to strengthen our relations with Iran. We are talking to Iran for setting up a refinery, based on crude oil supplied by them."

"We are (also) in talks to buy a stake in some exploration and production blocks so that we can get gas for our planned steel plant," said the official, who declined to be named. He said production would be geared primarily to the local market.

Essar, a diversified, family-owned holdings company with interests from telecoms to construction, plans to set up three steel plants in the Middle East, including a joint venture to build a 1.5 million tons a year steel plant in Iran.

Its oil refining subsidiary Essar Oil Ltd. launched India's second private-sector refinery late last year and will ramp it up to 210,000 bpd by mid-year.

Iran is the world's fourth-largest crude oil producer but is also the second-largest importer of gasoline, due to a lack of refining capacity and rapidly growing demand, fuelled by a young population and the world's second-cheapest pump prices.

The rising cost of importing an estimated 170,000 bpd of gasoline has taken a toll on Tehran's budget, despite petrodollar revenues, Reuters said.

Although the Azadegan oilfield development deal with Japan's top explorer fell apart last year, Iran is drawing substantial interest from state oil firms in China and India, both keen to help tap the world's second-largest reserves of oil and gas.

Tehran has also been enlisting foreign help -- particularly from China -- to upgrade and resurrect its refining sector, with a goal of boosting capacity by at least one million barrel per day (bpd) by 2010. Last month, the National Iranian Oil Company (NIOC) and a consortium of Iranian firms and Germany's ABB Lummus signed a 400-mln euro ($512-mln) contract to expand the 350,000-bpd Bandar Abbas refinery, located in southern Iran.

Two new refineries are also planned in addition to the possible Essar venture.

One is a new 360,000-bpd condensate refinery due to break ground in Bandar Abbas later this year, which is being built together with a private Indonesian company. It will join another 350,000 bpd refinery that was built there in 1997.

"This (condensate refinery) is more or less an equal-sharing project, we are currently in the phase of selecting an engineering contractor for the project," Shad said, adding that the plant should be complete in three to four years.

Iran has also embarked on measures to reduce domestic demand, but abandoned plans to ration gasoline.

Mohammad Reza Nematzadeh, the head of NIORDC and deputy oil minister, told an oil journal last September that the total cost of building all three refineries would be 16-18 billion dollars.

The expansion will help raise gasoline production from the refinery to 13 million liters per day from 4.8 million liters.

Iran is also planning a 1.2 billion dollar expansion project to double the capacity of its 110,000-bpd Tabriz refinery in the second-half of next year.
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Old January 16th, 2007, 04:47 PM   #18
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Iran, Pakistan, India to Resume Pipeline Talks on Saturday

TEHRAN (Fars News Agency)- Indian deputy oil minister said that Tehran, New Delhi and Islamabad have decided to continue their negotiations about a multi-billion dollar project for the export of Iran's natural gas to India via Pakistan.

He said that the talks are scheduled for next Saturday, January 20, adding that he is due to attend the negotiations on behalf of India.

Speaking to reporters on the sidelines of an international oil and gas conference in New Delhi, Vasan mentioned that a discussion of the proposed gas prices sets the main topic of the Saturday talks, while he also reminded that Liquefied Natural Gas (LNG) imports from Iran will not be on the agenda of the trilateral meeting in Tehran.

Meantime, he said that India has received some proposals for the import of natural gas from Turkmenistan and Myanmar.

Elsewhere, the Indian oil minister said that New Delhi is prepared to pay a higher price for the LNG imports from Iran provided that Iran guarantees export of five million tons of the product to India.

Iran and India signed a contract for the export of five million tons of Liquefied Natural Gas to the latter within a period of 25 years starting as of 2009.

"Iran should first comply with its undertaking for the export of five million tons of LNG to India to convince New Delhi to attend negotiations on the new price proposed by Tehran," Deora also reiterated

http://english.farsnews.com/newstext.php?nn=8510260464
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Old January 29th, 2007, 08:00 AM   #19
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First int'l oil refinery meeting to be held in Tehran
Tehran, Jan 28, IRNA

Iran-Oil-Confab
The first two-day international oil refinery meeting will be held in Tehran from February 17-19 and will be attended by Iran's oil minister and minister of economic affairs and finance.

Managers of oil industry as well as representatives of more than 280 active Iranian and foreign companies involved in refinery and distribution of oil products will also participate in the event.

Speaking to reporters, Deputy Oil Minister and Managing Director of Iran's National Refinery and Distribution of Oil Products Company, Mohammad-Reza Nematzadeh, said that 83 foreign and 206 Iranian companies will attend the meeting.

Turning to the emphasis of the Fourth Five-Year Economic Development Plan on supplying domestic demands for oil products and fuel as well as the predicted investment of 15-20 billion dollars in the oil sector in the next six years, he said that this will materialize through holding conferences for attraction of domestic and foreign capitals and introducing Iran's domestic potentials to the world.

He referred to heavy and ultra heavy oil in the world and their refinement method as some of the matters that Iran is expected to face at Soroush, Nowruz and Yadavaran oil fields in future.

Nematzadeh said that refinement and application of heavy and ultra heavy oils will be among the issues to be discussed at the upcoming meeting.

"Modern technologies in refinement, capacity building, standardization and environment, safety and health at refineries, investment, financing and economy in the domain of refineries will also be on the agenda of the event.

"Besides, equipment and their connection with efficiency and improvement of production, construction engineering and contracting affairs will be discussed during the two-day gathering," he added.

He noted that the seminar will be attended by companies from Algeria, China, Bahrain, Denmark, France, Germany, Greece, India, Indonesia, Italy, Japan, Malaysia, the Netherlands, Oman, Pakistan, South Korea, Britain, the US and a few other countries.

Concerning participation of US companies in the meeting, he said that the American IFQC institute, which is specialized in quality and standards, as well as ASCAC engineering consulting company will attend the meeting.

"On the sidelines of the event, an exhibition aiming to introduce the potentials of Iranian enterprises to representatives of foreign companies attending the meeting will be held.

"Some 45 Iranian and three foreign companies will participate in this exhibition," he concluded.

http://www.irna.ir/en/news/view/menu...2473174132.htm
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Old April 21st, 2007, 06:38 PM   #20
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Iran signs major gas deal with Austria's OMV: reports

Sat Apr 21, 5:46 AM ET

TEHRAN (Reuters) -
Iran signed a major gas development and production agreement with Austrian energy group OMV on Saturday, official Iranian media reported.

State radio estimated the total value of the deal at $18 billion but other Iranian media did not mention any figures.

OMV officials in Tehran declined comment on the reports, saying information would be made available later on Saturday.

Iran sits atop the world's second-largest gas reserves after Russia but politics, sanctions and construction delays have slowed the country's gas development and analysts say it is unlikely to become a major exporter for a decade.

The United States has urged its allies not to invest in Iran as part of a campaign to force Tehran to stop its nuclear programme. Washington is concerned the programme is aimed at making atomic bombs but Iran says it is meant for electricity production so that it can export more of its valuable oil and gas.

Iran's huge oil and gas reserves are a strong magnet for international energy companies despite the political risks.

"Officials of Iran's Oil Ministry and the managing director of the Austrian OMV have signed a gas agreement worth $18 billion," state radio said.

Under the deal, OMV would cooperate with Iran in producing liquefied natural gas, the radio added. State television said OMV would also purchase gas from Iran.

The Islamic republic is keen to become a big gas exporter but has been slow to develop its resources. LNG is natural gas altered for transportation in special tankers.

Gholamhossein Nozari, managing director of the National Iranian Oil Company (NIOC), said three agreements had been signed with OMV, concerning the development of phase 12 of the South Pars gas field as well as construction of an LNG plant.

"Negotiations with the Austrian OMV company ended with an agreement that this company ... participates in the upstream and downstream activities of this project," he was quoted as saying by the Mehr news agency.

He said OMV would take a 10 percent stake in the new plant, from which it would buy 10.2 million tonnes of LNG per year. The report did not give details on when construction would start.

The IRNA news agency said Iran would deliver five billion cubic metres of natural gas per year to Europe via the planned Nabucco pipeline, a 4.6 billion euro project to transport gas from Turkey to Austria. OMV heads the Nabucco consortium.

http://news.yahoo.com/s/nm/20070421/wl_nm/iran_omv_dc_1

OOPS! Gilgamesh, please move this post to the South Pars thread please
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