Arab Today, arab today foriegn oil firms can play limited role in south pars development
Last Updated : GMT 14:04:25
Arab Today, arab today
Arab Today, arab today

Foriegn oil firms can play limited role in south Pars development

Arab Today, arab today

Arab Today, arab today Foriegn oil firms can play limited role in south Pars development

Tehran - FNA

Iranian Oil Minister Bijan Namdar Zanganeh underlined his ministry's determination to develop the remaining phases of the giant South Pars oil and gas filed, and said that the foreign companies can practice limited partnership in the development of the project. "The foreign companies applying for partnership in Iran's South Pars projects will be used in only the two remaining phases and they will play no role in the country's under construction phases," Zanganeh told reporters on Tuesday. He pointed to the upcoming visit of Pakistani President Mohammad Nawaz Sharif to Iran, and said, "We want the Pakistanis to fulfill their commitments concerning gas contracts (with Iran)." Zanganeh said the country has ceased cooperation with those Chinese companies that have failed to comply with their contract terms, but meantime stressed that this should not be seen as an oil ministry effort to put Chinese firms aside. Asked about the presence of a Chinese company in the development of the North Azadegan oilfield project, the Iranian oil minister said, "This company is still active in Azadegan project, but  we are not satisfied with its performance." Zanganeh noted that concurrent with domestic exploration activities, his ministry is compiling new contracts to pave the way for the presence of foreign exploration companies and investors. Last week, China National Petroleum Corporation International (CNPCI) was expelled from Iran after it failed to comply with its undertakings for raising the production of Azadegan gas field. A decree expelling the CNPCI came into force last Tuesday evening by Namdar Zanganeh after the firm was repeatedly warned to face a prospect of expropriation for procrastination in meeting its promises in the South Azadegan gas field which the country shares with Iraq. Managing Director of the National Iranian Oil Company (NIOC) Roknoddin Javadi announced on Tuesday Iran's firm decision to expel the Chinese firm, adding Iran had repeatedly warned the CNPCI officially of expulsion. On Monday, a former senior oil official said the Iranian contractors who have taken the responsibility for developing the giant South Pars gas field have proved better than their giant foreign rivals, including France's Total and Royal Dutch Shell. "The (Iranian contractors') progress in the development of the new South Pars phases is surprising compared to the performance of the giant foreign oil firms," the official, who asked to remain unnamed, told FNA on Monday. "Given the achievement of such progress by Iranian contractors and the manufacture of products and equipment by Iranian industrialists, waiting for (French oil and gas company) Total and (Royal Dutch) Shell is no way helpful to the country," he added. The South Pars gas field, divided into 28 phases, is located in the Persian Gulf on the common border between Iran and Qatar. The field is estimated to hold 14 trillion cubic meters of gas as well as 18 billion barrels of condensates. The field covers an area of 9,700 square kilometers, 3,700 square kilometers of which lie in Iran's territorial waters in the Persian Gulf. The remaining 6,000 square kilometers, better known as the North Dome, are located in Qatar's territorial waters. Late in April, Iranian President Hassan Rouhani announced that all phases of the development of the giant South Pars gas field will be accomplished by the end of his tenure in 2017. "This year, four phases of the South Pars will be launched and 100mln cubic meters of gas output will be added to the country's capacity," President Rouhani said in a live televised interview. Noting that four phases of the South Pars will go on stream next year, he said, "We plan to launch all South Pars phases during my administration." Rouhani further praised the endeavor of Iranian experts, specially those in the oil ministry, and said, "Highly good moves have been made in the field of oil and gas." Also in March, the managing-director of Dana Energy Group said Iranian contractors and manufacturers must be hired in the development of oil and gas fields. Mostafa Khoyee said employing Iranian entities will be instrumental in enabling the private sector to operate oil projects. He also said that success in the oil and gas development projects in Iran depend on the implementation of risk and reward policy in the projects, integration of contracts and using the state-of-the-art technology. Khoyee stressed the need for closer cooperation between contractor and outsourcer in the oil and gas projects for the acceleration of work. He said Iranian companies have fared well in geology, drilling and drilling services in recent years, adding that North Yaran, Azar and Changouleh are being developed by Iranian companies.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foriegn oil firms can play limited role in south pars development Arab Today, arab today foriegn oil firms can play limited role in south pars development

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foriegn oil firms can play limited role in south pars development Arab Today, arab today foriegn oil firms can play limited role in south pars development

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday