Arab Today, arab today iran contractors ready to develop sp phase 11 as cnpc fails
Last Updated : GMT 09:32:22
Arab Today, arab today
Arab Today, arab today

Iran contractors ready to develop SP phase 11 as CNPC fails

Arab Today, arab today

Arab Today, arab today Iran contractors ready to develop SP phase 11 as CNPC fails

Tehran - Arabstoday

A senior Iranian oil industry official says Iraniancontractor companies have indicated their readiness to develop phase 11 of the South Pars gas field if the Chinese contractor fails to do so. Mousa Souri, managing director of the Pars Oil and Gas Company, noted that phase 11 of the South Pars gas field is located on the sea border with Qatar and should be developed as fast as possible to preserve Iran’s national interests. The official added that despite pressures put on China National Petroleum Corporation (CNPC), which is the main contractor, the project has not progressed on schedule. “The [Iranian] oil minister [Rostam Qasemi] first gave more time to the Chinese side and negotiations were also held on this issue both in Iran and China,” Souri said. He noted that despite all the time given to the Chinese company, the project did not progress and a 30-day ultimatum has been issued to CNPC in the current Iranian calendar year (started March 20) to start the work and buy the needed equipment. Souri stated that Iran will no longer wait for the Chinese company in case it dawdles as Iranian contractors are ready to take over developing phase 11 of the South Pars gas field. Iran signed a buyback contract with the French Total and Malaysian PETRONAS companies in 2004 for the development of the phase and the construction of its LNG plant. However, due to repeated delays by the two companies, Iran re-assigned the contract to CNPC in June 2009, and the company was supposed to make the phase operational in 52 months (by October 2013). CNPC was also expected to invest about USD 5 billion in the development of the upstream section of phase 11 and was required toprovide all the financial resources needed for the project. With less than 18 months to the expiry of the CNPC contract, the project by the Chinese company shows almost zero progress. The phase is expected to produce 2 billion cubic feet of natural gas and 70,000 barrels of heavy condensate per day. It will also supply a daily total of 1,900 million cubic feet of sour gas as feedstock to Pars LNG plant. 

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 iran contractors ready to develop sp phase 11 as cnpc fails Arab Today, arab today iran contractors ready to develop sp phase 11 as cnpc fails

 



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 iran contractors ready to develop sp phase 11 as cnpc fails Arab Today, arab today iran contractors ready to develop sp phase 11 as cnpc fails

 



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 EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
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 Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
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 Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

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