Iran started pumping natural gas from a new offshore drilling rig in the Persian Gulf while a local contractor finishes installation for a separate platform in the region as development efforts continue in Iran’s giant energy sector despite a series of tough sanctions imposed by the United States.
Oil Minister Bijan Namdar Zanganeh expressed hope that Iran will have a daily output of 1 billion cubic feet (bcf) from the under-development phase 11 of the South Pars gas field, the world's largest gas reservoir.
A total of 18,288 households as well as trade and industrial units have joined the natural gas network in the northwestern Iranian province of Ardebil since the beginning of the current Iranian calendar year (started March 21, 2019), announced the CEO of Ardebil Gas Company.
A multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, a newspaper said.
Iran will be able to produce more than one billion cubic meters (bcm) of gas per day once the final platform is installed at the South Pars offshore field, Oil Minister Bijan Namdar Zanganeh said Monday night.
Managing director of Iran’s South Pars Gas Company (SPGC) said the country’s gas condensate output has increased by five percent in the first 10 months of the current Iranian year (March 21, 2019-January 20, 2020).
Iran’s Petropars will develop Phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC), Iran’s oil minister was quoted as saying on Saturday.