Iran’s gas storage capacity will reach to 100 million cubic meters per day by the end of the Fifth Five-Year Development Plan (2010-2015). Iranian minister of petroleum made the remarks on the sidelines of inaugurating the country’s first natural gas storage facility in Serajeh, saying that the seco
As much as 25 billion dollars have been invested in upstream sector projects since the beginning of current Iranian calendar year, on 20 March 2012. Addressing Sunday at the fifth conference on promoting financing system in Iran, Iranian minister of petroleum, Rostam Qasemi, made the remarks adding
Turkish energy minister Taner Yildiz said that his country will discuss building an LNG terminal with Qatar on its Aegean coast to help meet rising domestic needs, Reuters reported. The planned LNG terminal on the Gulf of Saros, an inlet in European Turkey, would have an annual capacity of 5-6 billi
Iranian President Mahmoud Ahmadinejad has officially inaugurated the first underground natural gas storage facility of the Middle East in the Qom province. According to the report of the public relations of the National Iranian Gas Company (NIGC), the first natural gas storage facility in Iran and t
AGR announced that the Aphrodite-2 well offshore Israel has reached a depth of 5 652 meters from sea level (including water depth of about 1 707 meters). Based on examinations performed during the drilling of the Well, “significant signs of hydrocarbons” (natural gas) were found in the lower Miocene
Iranian minister of petroleum Rostam Qasemi says the country’s natural gas production capacity will double within the next three years. Speaking at the inauguration of a gas supply network in Pol-e Sefid in Mazandaran province, Rostam Qasemi said the country’s gas production capacity is estimated to
A senior Iranian oil official said that two phases of the South Pars gas field will be completed by the end of the current Iranian calendar year (ends March 20, 2013). Mohsen Khojasteh-Mehr, deputy oil minister for planning and supervision over hydrocarbon resources, said that phases 15 and 16 of So
Wärtsilä, a leading global supplier of flexible and efficient power plant solutions, has been contracted to engineer, supply and install a major power plant to Jordan. The order has been placed by AES Corporation, a US based independent power producer that owns and operates a diverse portfolio of el
Iran has outnumbered Qatar in joint South Pars gas field’s drilling rigs, the managing director of Pars Oil and Gas Company said. Currently 15 drilling rigs are active in different phases of South Pars, the Mehr News Agency quoted Mousa Souri as saying. “The number of gas field’s total drilling rigs
Yemen’s Prime Minister Mohammed Salem Basindowah met on 24 December with Yemen LNG General Manager to say goodbye as his term in Yemen comes to an end. During the meeting, Prime Minister and General Manager of Yemen LNG discussed the LNG prices and the mutual efforts to increase the LNG revenues whi
Dana Gas PJSC, the Middle East’s first and largest regional private sector natural gas company, said that it has made two new onshore gas discoveries in the Nile Delta Basin of Egypt. Initial estimates indicate that together the two discoveries, known as Alyam-1 and Balsam-1, should increase the com
Construction of Iran-Pakistan gas pipeline would help to overcome the energy crisis in the country, Minister for Information & Broadcasting, Syed Sumsam Ali Shah Bukhari said. Despite several reservations, the government signed the gas pipeline project with Iran which will help Pakistan to overcome
Pakistan would start construction of the pipeline in its territory despite foreign, domestic pressures, Petroleum Minister Dr Asim Hussain said. He said: “We will start the project soon with the help of Iran as they have committed to provide $500 million for the project, with some technical support”
The 13-member Gas Exporting Countries Forum will practice supply and demand management to achieve a fair price, the group’s secretary-general, Leonid Bokhanovsky said. He said that, “Once the majority of gas exporters agree and commit on uniform behaviors in the market, we could be expecting desirab
