The newly discovered Takht-e gas field in southern province of Fars has an estimated economic value of about $45 billion, an Oil Ministry official said, calling it one of the country’s most significant gas discoveries in the past two decades.
Oil Minister Mohsen Paknejad, in a message marking Government Week and Employee Day, praised the around-the-clock efforts of the country’s oil industry workers, saying their dedication and sense of responsibility ensured that oil production, transmission and energy and fuel supplies continued without interruption despite unprecedented pressures.
The issuance of the first certificate for saving 5 million cubic meters of natural gas marks a major operational step toward commercializing energy savings and developing a gas-efficiency market under contracts with energy service companies.
The CEO of the National Iranian Oil Company dismissed social media reports linking oil pollution and slicks in the sea near Qeshm Island to Iran’s oil facilities, saying the company has only limited facilities in the area and they are currently shut down for maintenance.
Iran and Tajikistan agreed to explore a framework for exporting Iran’s surplus petroleum products and supplying crude oil needed by Tajikistan’s refineries, Iran’s oil minister said Saturday.
Tajikistan plans to expand infrastructure and logistics capacity to increase the volume of crude oil and petroleum products transported between Iran and Tajikistan, the country’s transport minister said Saturday.
The CEO of the National Iranian South Oilfields Company said 13 downhole pumps were installed during the first four months of the current year, with plans to install 40 by year-end.
South Pars Phase 11, the final development phase of the world's largest natural gas field, is expected to reach its first production milestone within two months, according to the project's executive.
Oil minister praised the oil industry's efforts to rebuild refineries damaged during the war and stressed the need for continued project management meetings and regular progress reporting.
The CEO of the National Iranian Gas Company (NIGC), Saeid Tavakoli, announced that projects implemented by Operator companies are expected to save approximately 980 million cubic meters of natural gas annually.