Iran’s oil minister announced that the country has been elected chair of the Executive Board of the Gas Exporting Countries Forum (GECF) and that Tehran’s proposal to upgrade the forum into the “Organization of Gas Exporting Countries” was well received by member states.
GAS Feed Atom
The major overhaul of the SPD3 and SPD4 gas platforms in South Pars has been completed with a total of 9,346 man-hours of work and 808 maintenance tasks carried out without incident.
Iranian Oil Minister Mohsen Paknejad described the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) as a crucial event, emphasizing that as the forum’s founder, Iran will present new initiatives designed to safeguard the collective interests of member countries in the long term.
Iraq and Turkmenistan signed a memorandum of understanding (MoU) on energy cooperation and gas imports during the fourth round of political consultations in Baghdad on Monday, aimed at addressing the two countries’ energy needs.
The South Pars Gas Complex supplies 73 percent of Iran’s natural gas, provides feedstock for 65 percent of the nation’s petrochemical plants, produces 45 percent of its gasoline and fuels 60 to 65 percent of power plants, the company’s CEO said Tuesday.
The National Iranian Gas Company is fully prepared for the winter season and will ensure stable gas transmission nationwide through effective management and operational transformation, the company’s managing director, Saeed Tavakkoli, said.
Iran's natural gas consumption surged in October, reaching over 1.604 billion cubic meters, while power plants used 1.763 billion, indicating a close competition between major consumers.
The CEO of South Pars Gas Complex announced that the complex supplied more than 73% of the country’s gas needs during peak winter demand, describing it as the backbone of Iran’s energy supply.
The South Pars Gas Complex (SPGC) has taken a major step toward industrial self-reliance, with more than 90 percent of equipment and supplies for its refineries now sourced domestically, according to the company’s commercial director.
The Khangiran Gas Refinery in northeastern Iran maintained uninterrupted and above-target gas production during the four cold months of 1403, marking the most stable performance among the country’s gas refineries, according to the plant’s operations chief.
The Pazan field has been identified as Iran’s largest onshore gas reservoir in terms of both gas-in-place and recoverable reserves, according to Mohyeddin Jafari, director of exploration at the National Iranian Oil Company (NIOC).
The Pars Oil and Gas Company (POGC) has successfully completed and commissioned a well pressure equalization system across South Pars offshore platforms, significantly reducing the time and cost of restarting gas wells after shutdowns, according to a company statement.
The managing director of the Iranian Gas Engineering and Development Company announced that the Sarajeh gas storage expansion project in Qom will be completed by the end of the Iranian year 1404 (March 2026), emphasizing its strategic role in ensuring stable gas supply during the cold season.
The director of production and operations at Pars Oil and Gas Company announced the successful completion and operation of the well pressure equalization project on South Pars platforms, aimed at improving the restart process of wells after production shutdowns and reducing the time required to resume output.
The site for constructing the onshore refinery of the joint Farzad B gas field has been finalized using advanced scientific methods and comprehensive environmental and technical studies, according to the project manager.
The acting head of Fajr Jam Gas Refining Company announced higher production of gas condensate and liquefied petroleum gas (LPG) during the first half of this year.
South Pars Gas Complex has set a new record in ethane production, with output reaching more than 2.15 million metric tons in the first half of 1404, according to the company’s managing director.
Indian state companies ONGC Videsh Ltd and Oil India Ltd have agreed to buy a 10 percent stake in a Mozambique gas field from India's Videocon Group for $2.48 billion, the parent company of ONGC Videsh said on Monday.
The development of Iran’s independent North Pars gas field has officially begun following the signing of a contract for the construction of the jacket for the field’s first phase, according to the project manager.
The Iranian Oil Ministry successfully managed the country’s gas supply to power plants during peak summer demand in 1404 and is now preparing to ensure a stable energy supply for the upcoming winter through refinery overhauls, expanded gas storage injections, and increased liquid fuel reserves.
