CEO of Pars Oil and Gas Company (POGC) stated that a pressure-boosting plan has been defined for seven hubs in South Pars offshore, but to expedite the process, pressure boosting for the first hub will also be implemented onshore.
SOUTH PARS Feed Atom
The manager of Refinery 9 at the South Pars Gas Complex announced that nearly 21 billion cubic meters (bcm) of gas were processed and transferred to the national grid during the first 10 months of the Iranian calendar year 1403 (March 19, 2024–January 19, 2025).
South Pars Refinery 7 manager announced significant production optimization measures, with output expected to significantly increase by March 20th of this Iranian year.
The commercial manager of the South Pars Gas Complex announced that, in collaboration with 120 domestic and new technology-based firms (NTBFs), over 11,500 essential equipment items and goods have been localized for the South Pars refineries.
The South Pars Gas Complex's CEO reported a 2% increase in gas injection into the national grid during the first 10 months of 2024-2025.
The CEO of the South Pars Gas Complex announced the supply of two turbines for Refinery 13 from domestic manufacturers, marking a significant step in sustaining gas production.
Pars Oil and Gas Company's deputy of development projects reported a 1.7 million cubic meters per day increase in gas production capacity at South Pars Phase 13.
The CEO of Pars Oil and Gas Company (POGC) highlighted the South Pars gas field as the largest integrated asset for Iranians, crucial for energy needs and GDP.
The head of maintenance at the South Pars refinery announced that a major overhaul of the mercaptan removal unit has prevented the daily waste of over 27.5 million cubic meters of standard gas.
Global Crude Oil Price Today January 8, 2025
The price of a barrel of Brent North Sea crude rose by 29 cents, or 0.38 percent, to $77.34 a barrel today. US West Texas Intermediate crude also rose by 38 cents, or 0.51 percent, to $74.63 a barrel.
Oil Minister Mohsen Paknejad emphasized the urgency of the South Pars pressure boost project, stating it is “more needed than daily bread” for Iran.
The first private sector oil dock in the South Pars region has successfully entered operational service after completing its first fueling operation.
Petropars Group's CEO reported a surge in gas production from Phase 11 of South Pars (Well No. 12) following acidizing operations, citing unity and collaboration within the group.
The project manager for the development of Phase 11 of South Pars announced the completion of the acidizing operation on the seventh well of the SPD11B platform in the shared South Pars gas field.
The deputy for operations and support at Pars Oil and Gas Company (POGC) announced a record daily production of 714 million cubic meters (mcm) of gas at the South Pars field.
The South Pars Gas Complex's third refinery produced 14.086 million barrels of gas condensate in the first nine months of the current Iranian year (started March 20), according to refinery director Mohammad-Shafi Moazeni.
The managing director of Pars Oil and Gas Company (POGC) announced that the first gas well of the South Pars Infill Drilling Project will be operational within the next month.
Iran's oil minister plans to sign $6 billion contracts for pressure enhancement at South Pars gas field, a top priority due to potential reservoir pressure decline.
The CEO of the South Pars Gas Complex announced a 1.2 billion cubic meter increase in natural gas injection to the main national pipeline during the first eight months of this year compared to the same period last year.
The CEO of the Pars Special Economic Energy Zone (PSEEZ) announced that approximately $150 billion has been invested in the region, which accounts for nearly 50% of the country's petrochemical capacity with a production of about 45 million tons.