Managing director of Pars Oil and Gas Company (POGC) says Iran can earn USD8 billion in revenue from every phase of the huge South Pars Gas Field. In a Monday interview, Mousa Soori noted that the gas field accounts for eight percent of the global gas reserves, adding that the development of every o
Managing director of National Iranian Gas Company (NIGC) says construction of continuation of Iran-Pakistan gas pipeline in the neighboring country’s territory would start in next 30 days. Speaking on the sidelines of a ceremony on memorandum of oil industry martyrs, Javad Oji said: “Under a directi
National Iranian Gas Company (NIGC) plans to manufacture advanced smart pigs. Research and technology director at NIGC, Saeed Pakseresh, made the remarks adding while the U.S, Russia and Germany were the only manufacturers of the product but now Iran has joined the club by making a 30-inch smart pig
Iran and Turkmenistan have reached agreement on boosting cooperation in oil and gas sector, deputy oil minister and managing director of the National Iranian Gas Company (NIGC), Javad Owji announced. Elaborating on results of his recent visit to Turkmenistan, he said: “Negotiations took place in the
Iran discovered huge hydrate gas reserves in Oman Sea which is equal the country’s total conventional oil and gas reserves, executive director of Exploration of Hydrate Gas Reserves in Oman Sea, Naser Keshavarz said. He underlined the importance of using gas hydrate as replacement to fossil fuels, s
Iran’s Serajeh gas storage facility came on stream on Monday, managing director of Natural Gas Storage Company, Massoud Samivand said. According to the report of the public relations of the National Iranian Gas Company (NIGC), he said that, 4 million cubic meters of gas could be drawn from Serajeh u
Total gas production has hit 120 billion cubic meters since the beginning of new Iranian calendar year on 20 March 2012. Manager of dispatching department at National Iranian Gas Company (NIGC), Hasan Montazer Torbati, made the remarks adding gas production stands at 550 to 600 million cubic meters
The eighth edition of the Gas Arabia Summit, organised by The Energy Exchange and co-hosted by BP, Oman Gas Company, Oman LNG and Petroleum Development Oman, concluded on 5 December 2012 providing key insights into developing an efficient, sustainable and highly profitable gas industry. The main sum
Iran’s Offshore Engineering and Construction Company is loading out the steel jackets constructed to be installed in the Persian Gulf, as the country moves ahead with the development of South Pars gas filed. Loading the steel jackets on barges that will carry them more than 100 kilometers away in th
Citadel Capital, the leading private equity firm in Africa and the Middle East with USD 9.5 billion in investments, said that it has appointed petroleum industry veteran, Mohamed Shoeb, as Managing Director of its energy division. Shoeb, the former head of the Egyptian Natural Gas Holding Company (E
The gas pipeline feeding Yemen’s only LNG export terminal was blown up again early on Sunday, Yemen LNG said in a statement. “The sabotage occurred at 00.35 hrs on 16th December, 2012 at 173 km north of Balhaf,” the company said. The 320km pipeline has been attacked several times this year by suspec
Iranian experts succeeded in designing and manufacturing smart pigs for the first time in the country, Research and Technology director at NIGC, Saeed Pakseresht said. He went on to say that the device was manufactured in cooperation with Tehran University in a three year period. The first Iran-made
Ras Laffan Industrial City (RLC), one of the key operating areas of Qatar Petroleum’s Industrial Cities Directorate, has been honored with the Port Authority Award and the Energy: Oil & Gas Award at the recent Annual Seatrade Middle East & Indian Subcontinent Awards 2012. The Seatrade awards recogni
Qatargas announced the signing of a long-term LNG sales and purchase agreement between Qatargas 3 and PTT of Thailand. Under the terms of the deal Qatargas 3 will deliver two million tonnes per annum (MTA) of LNG for a period of 20 years beginning from 2015. The agreement marks PTT’s first long-term
